There are other things that can contribute UBTI to an IRA besides MLPs. from <a href="http://bit.ly/Hlq1xS">http://bit.ly/Hlq1xS</a> There is a deduction that covers the first $1,000 of UBTI from all sources" or from here: IRS pub - <a href="http://1.usa.gov/Qigwqj">http://1.usa.gov/Qigwqj</a> Form 990-T is required if the organization???s gross income from unrelated businesses is $1,000 or more My understanding is that any tax exempt entity such as an IRA can be