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Level 1
posted Nov 1, 2022 11:37:39 AM

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

0 4 697
4 Replies
Level 15
Nov 1, 2022 12:21:42 PM

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

Level 1
Nov 1, 2022 3:05:49 PM

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.

Level 15
Nov 1, 2022 3:49:01 PM
Level 15
Nov 1, 2022 4:19:16 PM

@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.