Debt-financed property in an IRA is subject to Unrelated Business Income Tax (UBIT or UBTI or UDFI), provided that the net gain is more than $1,000 in a year. UBIT/UDFI is applied to profits made on the sale of a debt-financed property.
 
Preparation of the 990-T tax forms is performed by you. The appropriate agent will file such taxes and sign the tax forms on behalf of your plan.

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