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Retirement tax questions
If the shares of the partnership were purchased within your IRA, then the K-1 should be reported to the Federal ID number of your IRA instead of your Social Security number. If that is the case, then you do not enter any of the K-1 information on your personal return. Keep it for your records.
Look for the partner's ID number shown on the left side of the K-1 to be sure your Social Security number is not there.
‎June 6, 2019
12:27 AM