dmertz
Level 15

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.