Case Name: Ronald Craig FISH, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee
Court: United States Court of Appeals for the Ninth Circuit
Jurisdiction: United States
Decision Date: 2017-10-19
Citations: 699 F. App'x 655
Docket Number: No. 15-73389
Parties: Ronald Craig FISH, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.
Judges: Before: IKUTA and HURWITZ, Circuit Judges, and MCSHANE, District Judge.
Reporter: West's Federal Appendix
Volume: 699
Pages: 655–656

Head Matter:
Ronald Craig FISH, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.
No. 15-73389
United States Court of Appeals, Ninth Circuit.
Submitted October 17, 2017 San Francisco, California
Filed October 19, 2017
Ronald Craig Fish, Pro Se
Gilbert Steven Rothenberg, Esquire, Deputy Assistant Attorney General, Nathaniel S. Pollock, Attorney, Douglas Campbell Rennie, Attorney, Francesca Ugolini, Attorney, DOJ—U.S. Department of Justice, Tax Division/Appellate Section, Robert R. Di Trolio, Esquire, Clerk, U.S. Tax Court, Washington, DC, William J. Wilkins, Chief Counsel, Internal Revenue Service, Washington, DC, for Respondent-Appellee
Before: IKUTA and HURWITZ, Circuit Judges, and MCSHANE, District Judge.
The panel unanimously concludes this case is suitable for decision without oral argument. See Fed. R. App. P. 34(a)(2).
The Honorable Michael J. McShane, United States District Judge for the District of Oregon, sitting by designation.

Opinion:
MEMORANDUM
Ronald Craig Fish deducted losses sustained in his individual retirement account ("IRA") on his 2009 tax return. The IRS disallowed the deduction, determined a deficiency, and imposed an accuracy-related penalty under I.R.C. § 6662. The Tax Court sustained the deficiency and the penalty. We have jurisdiction over Fish's appeal of the Tax Court judgment under I.R.C. § 7482(a)(1) and affirm.
The only issue on appeal is whether Fish may deduct unrelated business taxable income ("UBTI") losses sustained by two partnerships held in an IRA from his personal taxable income. Although IRAs are generally tax-exempt, they are "subject to the taxes imposed by section 511" on UBTI of organizations in which they invest. I.R.C. § 408(e)(1); see I.R.C. § 511. The Tax Code provides that UBTI losses may be carried forward or backward to deduct against gains within an IRA. See I.R.C. § 512(b)(6); see also Treas. Reg. § 1.512(b)-(1)(e)(1) ("The net operating loss deduction provided in section 172 shall be allowed in computing unrelated business taxable income."). But, the Code does not provide for the pass-through of UBTI losses to an IRA beneficiary's personal tax return. See I.R.C. § 511-13. We therefore affirm the judgment of the Tax Court.
AFFIRMED.
This disposition is not appropriate fpr publication and is not precedent except as provided by Ninth Circuit Rule 36-3.
. Because Fish does not "clearly and distinctly" challenge the accuracy-related penalty in his opening brief, that issue is waived. See Avila v. L.A. Police Dep't, 758 F.3d 1096, 1101 (9th Cir. 2014) (citation omitted).