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June 4, 2019
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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.

  • June 4, 2019
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Best answer by dmertz

Your IRA must file Form 990-T to report the UBTI and pay the tax.

1 reply

dmertzAnswer
Employee
June 4, 2019

Your IRA must file Form 990-T to report the UBTI and pay the tax.