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jwj
New Member

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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dmertz
Level 15

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.

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

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1 Reply
dmertz
Level 15

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.

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

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