dmertz
Level 15

Retirement tax questions

Since these entities do not issue a Schedules K-1, it appears that these are not a pass-through entities.  It's my guess that these entities are themselves responsible for paying the UBIT on any UBTI generated by the shares of the partnership(s) that they own and the UBIT that they have to pay (an expense) is reflected in the share value of these entities.

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