I purchased some shares of a Limited Partnership in 2020 and again earlier this year in my Roth IRA. I didn't know about Unrelated Business Income (Box 20, code V of schedule K1) can be taxed even in a Roth account, if >$1000. Now after reading about UBI recently, I decided that I want to get rid of all my shares of Limited Partnership from my Roth IRA (my UBI has been <1000 each year so far).
missiondad
2025-01-02 15:21:41UBI or UBTI is usually negative or minimum