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How do I report sale of PTP MLP entity? 1099 B shows shares transactions with L/T loss and K1 shows a ordinary gain and adjustmt to reduce cost basis. TT Online version.

 
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How do I report sale of PTP MLP entity? 1099 B shows shares transactions with L/T loss and K1 shows a ordinary gain and adjustmt to reduce cost basis. TT Online version.

Please see this answer from last year.  It should handle any scenarios you're dealing with:  https://ttlc.intuit.com/questions/3760966-how-i-report-the-sale-of-mlp-shares-in-turbo-tax-i-sold-al...


**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!

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How do I report sale of PTP MLP entity? 1099 B shows shares transactions with L/T loss and K1 shows a ordinary gain and adjustmt to reduce cost basis. TT Online version.

Please see this answer from last year.  It should handle any scenarios you're dealing with:  https://ttlc.intuit.com/questions/3760966-how-i-report-the-sale-of-mlp-shares-in-turbo-tax-i-sold-al...


**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!

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