K-1 Form For an IRA Investment

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TAX ADVICE

Why did I receive a K-1 for my IRA when I haven’t liquidated it?

By Susan Ladika on March 10th, 2011 at 5:07 pm

As the federal tax filing deadline draws near, there are probably all kinds of tax documents popping up in your mailbox that you will need to have on hand to make sure your tax return is prepared correctly. One form that often makes an unexpected appearance is a Schedule K-1, which you will receive if your IRA owns an asset that generates unrelated business taxable income (UBTI). .

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