AnnetteB6
Expert Alumni

Retirement tax questions

Most likely, yes, you can file it away and keep it with your tax records.  Based on the IRS instructions for Form 1065 K-1, box 20 with code V is the correct place where unrelated business taxable income (UBTI) is reported.  So, if your K-1s do not have that entry, your IRA account would not be required to file Form 990-T.

 

If you want to be certain, contact the custodian of the IRA accounts and ask if a Form 990-T is being filed on your behalf by them.  

 

@1597980 

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