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I have a question about royalty trusts. Most royalty trusts allocate a high percentage of their earnings to their unit holders but the trust pays no Federal taxes. It is up to the unit holder to pay income taxes on his trust income. The things I read make it all sound pretty complicated. Do the unit holders still have some taxes to pay even if the trust units are held in an IRA? I have found no mention of this issue in any of the tax information on any of the royalty trust web sites.
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