AllianceBernstein L.P.: Managing for Yield [View article]
UBTI is reported in Item 20 of a K-1 as a code " V ". If the total of UBTI in your sheltered acct's /yr is > $1000.00, they will be "disqualified", i.e., become taxable. Not good. But you can bet that any financial MLP or PTP (Publicly Traded Partnership) at some time or other will have UBTI, whereas an agricultural futures trader (DBA) probably won't ever. You need to query the Partnership for this info.
& FWIW, all the capital losses and return of capital -so useful in taxable accounts - do absolutely nothing for the value of the IRA, since there's no losses allowed, and all payouts are taxed at a marginal, not cap gains, rate.
AllianceBernstein L.P.: Managing for Yield [View article]
& FWIW, all the capital losses and return of capital -so useful in taxable accounts - do absolutely nothing for the value of the IRA, since there's no losses allowed, and all payouts are taxed at a marginal, not cap gains, rate.