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Level 3
posted Jul 1, 2025 7:48:31 AM

What are my tax considerations for a LP stock that is part of my IRA portfolio?

I purchased 50 shares of ET Energy Transfer LP stock in 2024 in my IRA account. Per my recent discussion with my broker, dividends from an LP are taxable in the year received, even in an IRA account. Is this correct?

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1 Replies
Level 15
Jul 1, 2025 8:42:48 AM

If the income from that asset exceeds $1,000 the IRA custodian file form 990-T and pays tax from within the IRA.