If I invest in a MLP or CEF I will get a k-1 at tax time. I report the information on my return and all is good. (Complicated but good, thankfully TurboTax imports the data easily).
If the MLP/CEF is inside a IRA then they get the k-1 & I don't report it unless the UBI is over $1000, then I have to report that.
I also thought there was something else when you start drawing from the IRA but I don't know what.
Have I got this right? What am I missing?
Submitted June 12, 2021 at 09:40AM by babarock https://ift.tt/2TpZKzT
