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My late wife had 100sh of Vanguard Natural Resources LLC which I think she thought was an ETF; however, it seems it is Partnership and gets a K-1. But it was held in an IRA. The total income on the K-1 is only $61, and it looks like the deductions from that are several hundred dollars (but this section is very confusing), though item 17 says that there is an alternative minimum tax of $1!

Do you pay tax on partnerships held in an IRA?

brucedoe
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