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.

posted

Connect with an expert

1 Best answer

Accepted Solutions

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.

View solution in original post

1 Reply

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.

Still have questions?