I have a 401(k) with a limited partnership as an investment. The LP was sold by the broker who works for one of the big investment houses. I wasn't sure if the LP was considered Unrelated Business Income reportable on 990-T?

Often this info is included in the K-1. If not call the LP customer service and they can tell you if there was any UBTI.

thanks for the advice.

If the rules have not changed, I think the threshhold for filing the 990-T is $1,000 of UBTI - totalled for all investments in the Plan. So the fact that there is UBTI does not mean you have to file or pay taxes, if the total is less than $1,000.

If you have losses, you may want to consider filing to be able to deduct those losses in future years. This would apply if you expect to be subject to UBIT in future years.

Sheesh... do plan sponsors know how much there is to know about pension plans to keep them in compliance so they can retire rich? Sometimes you have to be a Hercule Poirot to find everything in order to accomplish that task. I am the cobler whos children have no shoes!!! As I have said before, this place is a wealth of info... I enjoy reading and learning!

But if it were easy, everyone would be doing it.