Is the income reported on Schedule K-1 from a limited partnership, such as AllianceBernstein Holding, considered Unrelated Business Taxable Income (UBTI)?
A significant portion of income reported by AllianceBernstein Holding is considered UBTI, which will have certain tax consequences if the Units are held by a tax-exempt entity including an IRA, pension plan or profit sharing plan. You should consult your tax advisor if you own AllianceBernstein Holding Units in these types of entities.