Permalink Submitted by Alan - IRA critic on Tue, 2020-07-14 17:12
You ignore them unless Box 20 Code V UBTI is 1000 or more. In that case, their IRA must file Form 990 T and pay the tax and filing fee out of the IRA. Many larger IRA custodians will do the 990 T filing.
Permalink Submitted by Alan - IRA critic on Tue, 2020-07-14 17:12
You ignore them unless Box 20 Code V UBTI is 1000 or more. In that case, their IRA must file Form 990 T and pay the tax and filing fee out of the IRA. Many larger IRA custodians will do the 990 T filing.