Last year I sold my holdings of a LP that was held in a traditional IRA. I know about the UBTI issue, but do I need to include 'gain subject to recapture as ordinary income' found on the sales schedule that came with the K-1, in my 1040? I've researched this and have read differing answers.
I read that even though the LP was held in an IRA, when the position is completely sold, any gain subject to recapture is treated as ordinary income. Help, anyone?
