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Retirement tax questions
UBIT is calculated on the amount of UBTI shown on the Schedule K-1 in box 20 with code V.
"My tax liability reads $325.00"
I don't understand what you mean by that. You have no personal tax liability for UBTI from an investment in your IRA. It's the IRA that is subject to UBIT.
‎January 12, 2025
7:50 PM