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In this case, the 'organization' is the IRA (Individual Retirement Arrangement). So, even if you hold investments producing UBTI in a few accounts at different brokerages, if the total UBTI is more than $1000, your IRA would still be responsible to file, even if each individual account was less than $1000. I would strongly suggest consulting a tax professional if you have this situation.


I want to strongly echo AJ's Warning.

A while back, I held the MLP Linn Energy (LINN & LINE) in my Roth IRA. I got a big end of year UBTI surprise (over $800) when their "forgiven" loans became UBT Income thru the bankruptcy process!

No Prior Warnings, just POW! right there on the K-1. Since that scare (& the recent Fido $300 threat for filing ) I have purged my Roth IRAs of all MLPs.

a wiser man
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