Level 2

Other tax discussions

Received letter from Fidelity regarding IRS Form 990-T filing and payment for 2017. It states that 990-T

is required if UBTI on line 20V of K-1 is more than $1000. However, Fidelity is filing tax forms for two MLPs

in my IRA account which are much lower than $1000 limit.  I need help from a tax advisor to understand K-1 and tax info.