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February 11, 2025
Question

The IRS took money out of my IRA because of unrelated business taxable income (UBTI) on a MLP I was holding. Is this deductible somewhere on my taxes?

  • February 11, 2025
  • 1 reply
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    1 reply

    February 11, 2025

    No, federal taxes are not deductible on your federal or state tax return.

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