Technical topics regarding tax preparation.
27-Mar-2020 9:33pm
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A partnership I am preparing has self directed IRAs as partners. The W-9s for these partners correctly identify the TPA's EIN and account. What should I indicate for partner type on K-1? None of the categories seem to fit.
27-Mar-2020 10:43pm
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For an IRA partner, I do "Exempt Org".
28-Mar-2020 10:17am
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And consider the UBIT disclosures you may need to make on the K-1 for the IRA.
28-Mar-2020 4:32pm
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sjrcpa wrote:And consider the UBIT disclosures you may need to make on the K-1 for the IRA.
Thank you both. SJRCPA, I've already gone down that rabbit hole!
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