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Or….people knowledgeable about taxation.
Are there tax consequences to holding Royalty Trusts in Roth IRA’s? Do I still have to fill out a K-1 form if it is in a Roth?
Cities teem with evil and decay, let’s give it a good shake and see what falls out!!
Hate to say it, but Stormy is the only CPA qualified to answer this. He’ll probably begin by insulting you, then threaten to harm you, and finally gloat that the CPA>CFA since him, and only him, knows this answer. Then again he even bother to answer your question.
Dont know the answer
" CFAvsMBA is the brah'da, that plays the role of another brah'da, that is a brah'da"
Palantir, I’m not a CPA, however, I’ve delt with this issue a little bit in my work.
The main issue with having a Royalty Trust (or an MLP) in any kind of tax deferred/exempt account is that the investment can throw off income that can be considered UBTI (Unrelated Business Taxable Income). If this happens not only will you be taxed on the income, but it has to be paid with money from the IRA.
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