sjrcpa
Level 15
07-29-2024
10:45 AM
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IRAs are generally tax exempt.
But if they have Unrelated Business Taxable income, it is taxable. Form 990-T is used to report and pay the tax. Mostly I see this arise from Publicly Traded Partnership income.
I haven't a clue about the RIN.
The more I know the more I don’t know.