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Retirement tax questions
These are partnerships, not stocks. Nothing on the Schedules K-1 affects your IRA other then the UBIT which must be paid with funds from the IRA, reducing the value of the IRA. (Of course any non-UBTI income or distributions paid to your IRA from the partnerships increases the cash balance in your IRA, but these are not reportable by your IRA. IRAs are tax-exempt trusts that only report and pay tax on UBTI.)
‎July 29, 2023
5:45 PM