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TheV
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Selling a Limited Partnership (LP) held in a traditional IRA

Last year I sold my holdings of a LP that was held in a traditional IRA.  I know about the UBTI  issue, but do I need to include 'gain subject to recapture as ordinary income' found on the sales schedule that came with the K-1, in my 1040?  I've researched this and have read differing answers.

I read that even though the LP was held in an IRA, when the position is completely sold, any gain subject to recapture is treated as ordinary income. Help, anyone?

 

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