Sentences with «unrelated business taxable income»
The GAO recommended that the IRS (1) provide guidance to IRA owners on the potential for IRA transactions involving certain unconventional assets to generate unrelated business taxable income subject to taxation; (2) provide guidance to IRA owners and custodians on how to determine and document fair market value for certain categories of hard - to - value unconventional assets; and (3) clarify how to determine the fair market value of hard - to - value unconventional assets. (ethnews.com)
Some investors worry about K - 1 tax forms because they might arrive late or may incur Unrelated Business Taxable Income (UBTI) that could be taxable even within an IRA. (tradinginsights.schwab.acsitefactory.com)
(from Associations NOW) A provision in the Tax Cuts and Jobs Act, the sweeping overhaul of the tax code signed into law at the end of last year, requires tax - exempt organizations to compute unrelated business taxable income separately for each business activity, ostensibly to prevent the... (nboa.net)