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This may be a myth: pay tax only if UBI/UBTI > $1000

missiondad 2025-01-02 15:18:31 ( reads)

Below is from Intuit webgage Q&A:

Limited Partnership in a Roth IRA

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). 

跟帖(3)

missiondad

2025-01-02 15:21:41

UBI or UBTI is usually negative or minimum

missiondad

2025-01-02 15:22:57

But may not be good time to buy ET now

颜阳

2025-01-02 18:37:39

selling et or other MSLP is selling business assets, taxable