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Retirement tax questions
UBTI is income that is received during the ordinary course of commercial business activities; it is income that is not related to the purpose of the IRA’s tax-exempt status, which is to generate income for retirement.
Passive income such as interest, dividends, royalties, rental income, and most types of capital gains generally are not considered UBTI. However, capital gains from certain real estate investments may be subject to UBTI.
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March 28, 2023
3:46 PM