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jwj
New Member
posted Jun 4, 2019 12:52:05 PM
Everything I read about MLP’s, they shouldn’t be bought in an IRA/Roth because UBT of $1,000 causes problems. I got a K-1 in my IRA with a $1000 UBT.
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1 Best answer
dmertz
Level 15
Jun 4, 2019 12:52:06 PM
Your IRA must file Form 990-T to report the UBTI and pay the tax.
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1 Replies
dmertz
Level 15
Jun 4, 2019 12:52:06 PM
Your IRA must file Form 990-T to report the UBTI and pay the tax.
Reply
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