turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

markcooper
Returning Member

2023 990-T

I received a copy of a 990-T filed by my broker reporting a gain on sale of a MLP in my rollover IRA. Attached to the 990-T was a schedule E reflecting a partnership net non passive loss on the sale? Should I file an amended 2023 return to include the loss on schedule 1 (form 1040) line 5?  

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
dmertz
Level 15

2023 990-T

No.  This has nothing to do with your individual tax return.  Form 990-T is a tax return filed on behalf of your IRA  Your IRA does is not subject to taxes on the gains, so it also does not get any sort of deduction for losses within the IRA.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies