ljwalters Posted March 15, 2014 Report Share Posted March 15, 2014 A 1065 K1 Where the partnership is an IRA. Do I put it on the return or not. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted March 15, 2014 Report Share Posted March 15, 2014 A 1065 K1 Where the partnership is an IRA. Do I put it on the return or not. Do you mean that the taxpayer's IRA invested in a partnership, and the K-1 was issued to the IRA as the owner? If that is the case, then you don't report that anywhere. It is no different than any other investment that the IRA makes. 1 Quote Link to comment Share on other sites More sharing options...
ljwalters Posted March 15, 2014 Author Report Share Posted March 15, 2014 Thought so thanks, The k1 states that the partner is an IRA. So I do not put it on the return. Thanks Quote Link to comment Share on other sites More sharing options...
JohnH Posted March 16, 2014 Report Share Posted March 16, 2014 If the K1 reports UBTI, and if the amount for all K-1's happens to exceed $1,000, then the IRA might have some Form 990 reporting to do. 1 Quote Link to comment Share on other sites More sharing options...
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