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Do I need to file a 990-T form for UDFI?
Hi, how can I tell if I need to file a 990-T form on a multi-family syndication investment based on the K-1 form sent to me? Part III #1 line has zero ordinary income and #2 line has negative net rental real estate income. No other income listed for part III. This is the first year K-1 for this syndication. However, the information for Box 20, code V lists a high dollar amount and that is what I've been told is the line for UBTI.