Received letter from Fidelity regarding IRS Form 990-T filing and payment for 2017. It states that 990-T is required if UBTI on line 20V of K-1 is more than $1000. However, Fidelity is filing tax forms for two MLPs in my IRA account which are much lower than $1000 limit. I need help from a tax advisor to understand K-1 and tax info.
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