Do I need to enter a K-1 if my RMD distribution was made from a partnership that was in my IRA?

null146 — Tue, 04 Jun 2019 20:02:14 GMT

No.

If you hold a Limited Partnership or LLC in your IRA then...

macuser_22 — Tue, 04 Jun 2019 20:02:15 GMT

If you hold a Limited Partnership or LLC in your IRA then any Unrelated Business Income in excess of $1,000 is taxable (even though it is in an IRA). It is not reported on your tax return but on a 990-T form. (The custodian of your IRA is required to file the form for you but you must submit the K-1 form(s) to them - ask the custodian about this).

Unrelated Business Income is reported as code "V" in box 20 on the K-1 form.

Also see pub 598.
http://www.irs.gov/publications/p598/ch01.html

topic Do I need to enter a K-1 if my RMD distribution was made from a partnership that was in my IRA? in Retirement tax questions

Do I need to enter a K-1 if my RMD distribution was made from a partnership that was in my IRA?

If you hold a Limited Partnership or LLC in your IRA then...