erived from trade or business activities is - The amount derived from investment activities is 1 3. If you are a tax exempt entity, your share of Unrelated Business Taxable Income is reported on the 2014 Schedule K-1 Supplemental Information — Page 1, Line 20V1 through 20V13. 4. Your share of dividends from domestic corporat

and individual retirement accounts, is generally exempt from federal income tax. Section 511 of the Code, however, imposes a tax on such an entity's Unrelated Business Taxable Income ("UBTF"). UBTI is income from a trade or business regularly carried on unrelated to the entity's exempt purpose. Most types of passive investment i

my Account is an IRA or other retirement account, I understand and acknowledge that should any asset directed to be purchased in my Account produce Unrelated Business Taxable Income, I am solely responsible for filing a Form 9904 tax return and authorizing my Account to pay the tax on such income. I hereby indemnify and hold Mi

my Account is an IRA or other retirement account, I understand and acknowledge that should any asset directed to be purchased in my Account produce Unrelated Business Taxable Income, I am solely responsible for filing a Form 990-T tax return and authorizing my Account to pay the tax on such income. I hereby indemnify and hold M

and individual retirement accounts, is generally exempt from federal income tax. Section 511 of the Code, however, imposes a tax on such an entity's Unrelated Business Taxable Income ("UBTF). UBTI Conlidential & Trade Secret EFTA00810445 VALAR Private Placement Memorandum 40 is income from a trade or business regularly carr