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Are gains from the sale of a MLP taxable in an IRA

 
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4 Replies

Are gains from the sale of a MLP taxable in an IRA

Transactions made within a retirement account are not taxed or reported. 

Are gains from the sale of a MLP taxable in an IRA

Chas.Schwab filed a 990-T for me and paid not only UBTI but also interest and capital gain taxes on all the MLP

that I sold in my IRA in 2021. The 990-T was filled out by Price, Waterhouse.

Are gains from the sale of a MLP taxable in an IRA

Are gains from the sale of a MLP taxable in an IRA

@fred29 

 

Transactions made within a retirement account are not taxed or reported...  on a form 1040.  However it may need to be reported on  a form 990 which the IRA custodian files for you.

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