K1 inside the IRA

[ljwalters]

A 1065 K1 Where the partnership is an IRA. Do I put it on the return or not.

[jklcpa]

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.

[ljwalters]

Thought so thanks, The k1 states that the partner is an IRA.

So I do not put it on the return.

Thanks

[JohnH]

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.