Hi, I am interested in purchasing "UGA" which is a gasoline futures ETF in my IRA. It does file a K-1 as opposed to a 1099.
Any tax implications I need to worry about? My understanding is the main (or only?) concern is if I receive $1,000+ in UBTI. I know that "UGA" either does not have any UBTI, or my position in it will be so small that any UBTI will be well south of $1,000.
Thanks