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Level 1
June 1, 2019
Question

If my broker handles my IRA UBTI tax for me by paing due tax from my IRA account, do I still need to include that K1 in my tax return filing?

  • June 1, 2019
  • 1 reply
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    1 reply

    Level 15
    June 1, 2019

    No, it is not included on your personal tax return.  The Schedule K-1 belongs to your IRA.