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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
Level 15
Jun 4, 2019 12:52:06 PM

Your IRA must file Form 990-T to report the UBTI and pay the tax.

1 Replies
Level 15
Jun 4, 2019 12:52:06 PM

Your IRA must file Form 990-T to report the UBTI and pay the tax.