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Financial Planning / Tax Strategies


Subject:  Re: UBIT in IRA Date:  12/14/2017  2:49 PM
Author:  billjam Number:  126610 of 130192

Just got an unpleasant surprise relating to UBI from Fidelity. Last year they were required to file tax return and pay tax from IRA accounts with over $1000 UBI. My only holding with possible UBI is Blackstone Group and they have little UBI so I'm not likely to ever have to file. However, the Fidelity letter says beginning in 2018 if they have to file for me they will charge me $300 for filing. You better believe I'll be looking at my 2017 report from Blackstone very closely. If it looks like I might get hit with that filing fee next year I'll have to re-evaluate holding BX.
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