Thousands Hit With Surprise Tax Bill on Income in IRAs – Wall Street Journal

Thousands Hit With Surprise Tax Bill on Income in IRAs – Wall Street Journal
Wall Street JournalThousands Hit With Surprise Tax Bill on Income in IRAsWall Street JournalWhen owners use IRA funds to invest in partnerships, as opposed to stocks, bonds and funds, they owe tax on certain annual income from the partnership exceeding $1,000 because of an antiabuse provision. This levy is known as Unrelated Business Income …and more »
Thousands Hit With Surprise Tax Bill on Income in IRAs – Wall Street Journal