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Subject:  Re: MLPs - help? Date:  3/30/2013  6:12 AM
Author:  sophistabubba Number:  14067 of 25354

I believe that, while IRAs are immune from federal income tax - putting aside the UBTI issue, I believe you can still owe taxes to a state from an IRA. Penn is particularly bad as you are supposed to file even if you owe $1. I am sorry I can't provide a source for these beliefs as I have done a lot of reading on this topic and I don't remember where I read the info on state taxes in an IRA, but I remember it being a reputable source. Don't get me started about what I've read recently about "recapture"...
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