evilanne
Well-known member
I have several stocks that are limited partnerships in my retirement accounts, these are pass through income that generate K-1 that are a pain when doing taxes. I did not realize until recently that this could result in taxable income if the UBTI exceeds $1000. I'm wanting to reduce my exposure to these but the liquidation also generates UBTI so I think I need to do this gradually to stay under the threshold if possible
https://www.fidelity.com/tax-information/tax-topics/ubti
Does anyone have any experience with UBTI in their IRAs? It sounds like the financial Institution automatically generates the 990-T if applicable but
https://www.fidelity.com/tax-information/tax-topics/ubti
Does anyone have any experience with UBTI in their IRAs? It sounds like the financial Institution automatically generates the 990-T if applicable but