A Limited Partnership (LP) is a business structure that generally includes one or more general partners who manage the business and limited partners who typically do not participate in day-to-day management. A self-directed IRA may hold an interest in certain limited partnerships, provided the asset and transaction meet applicable requirements.

Partnership interests held by a self-directed IRA may generate Unrelated Business Taxable Income (UBTI), which could require the IRA to file Form 990-T and pay applicable taxes.

Account owners are responsible for reviewing the partnership documents, conducting their own due diligence, and determining potential tax implications. Consult a qualified tax or legal professional regarding your specific transaction.

Mountain West IRA does not select, recommend, endorse, research, or evaluate partnership assets.