And, know this:  you didn't engage the plumber. 

Is is because the current owner is not engaged?

@Nagesh PulipatiJust to clarify: UBIT stands for Unrelated Business Income Tax, this is a tax that is assessed when any tax-exempt organization (this includes both self-directed IRA and Solo 401k) engages in business activity and receives business or earned income from such activity.

We are currently working on new iterations to our location tagging feature to make things more relevant to a local real estate market a forums users would like to engage in. 

MM has an exclusive engagement agreement where 1% of total sale price is asked whenever this agreement is signed regardless if you use their recommendations for financing or you choose to shop the lending with another commercial lender?

Waterproof Luxury Vinyl Planks! 

In the bathroom, you can lay a floating vinyl plank floor over the old tile with no demo in most cases. 

I was on-the-go for most of the day yesterday, and did not wanted to engage in the forum without my undivided attention.

I disassembled all the sample flooring planks I put down and got to work.

@Jason MalabuteIt will depend on the nature of the partnership and how income is produced.As a limited partner, the IRA will have tax liability if taxable income to an IRA is created by the partnership.If the partnership is engaging in a trade or business (as opposed to generating passive income like rents) then there will be taxable Unrelated Business Taxable Income (UBTI).If the partnership is using debt-financing then there will be taxable Unrelated Debt-Financed Income (UDFI).The presence of UBTI and/or UDFI will require the IRA to file a trust tax return on form 990-T and pay the resulting Unrelated Business Income Tax (UBIT).It is always best to check with licensed tax counsel who can review the specifics of your intended IRA investment.