nishavithalani
Level 1
12-07-2019
08:54 AM
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Best Answer Click here
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abctax55
Level 15
12-07-2019
08:54 AM
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Actually, to answer the specific question asked:
No
HumanKind... Be Both
nishavithalani
Level 1
12-07-2019
08:54 AM
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Thanks
IRonMaN
Level 15
12-07-2019
08:54 AM
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Their IRA invested in a limited partnership maybe?
Slava Ukraini!
abctax55
Level 15
12-07-2019
08:54 AM
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But why does anyone send out the whole friggin' form?
We've had questions about getting K-1's invested in by the IRA's. And questions about what to do with UBIT shown on K-1's.
NMI..
We've had questions about getting K-1's invested in by the IRA's. And questions about what to do with UBIT shown on K-1's.
NMI..
HumanKind... Be Both
abctax55
Level 15
12-07-2019
08:54 AM
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A Not For Profit organization uses a F 990-T to report taxable income.
Are you sure that's the form your client received?
HumanKind... Be Both
nishavithalani
Level 1
12-07-2019
08:54 AM
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Yes my client received this.
abctax55
Level 15
12-07-2019
08:54 AM
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OK...why? The form isn't sent to individuals, it is filed with the IRS. Is your client on the Board on the Mot for Profit Organization?
HumanKind... Be Both