IRAs are a great tax shelter to grow your investments tax deferred. However, there are some situations in which you might need to pay a tax on the earnings of certain investments—that tax is called UBIT.
UBIT, an acronym for unrelated business income tax, is a tax the IRS imposes on certain types of investments owned by tax exempt entities and retirement plans, such as IRAs and qualified plans. A type of UBIT is UDFI, or unrelated debt financed income. UDFI is generated when an IRA acquires a loan to purchase an investment.
How and when are these taxes imposed? Watch the webinar recording to find out.
Date: October 16th, 2019
Duration: 82 Minutes
Speakers: John Paul Ruiz, Director of Professional Development at The Entrust Group
We host monthly webinars on a variety of topics. Check out our event page to learn about upcoming events: https://www.theentrustgroup.com/learning-center/events