The form filler "Enter Sale Information page asks for "selling expense, partnership basis, and ordinary gain. Where do those numbers come from? My Schedule K-1 says nothing about a selling expense. It as a "cost basis" box
"Selling expense" refers to commissions or other selling expenses incurred making the sale. If you're K-1 makes no mention of it, and you don't have any of your own expenses, then this would be 0.
thanks, appreciate that!
Since you seem to know these things, might you be able to assist with what numbers should go in a couple of other boxes on the TT form filler. Is "Partnership Basis" the same as "cost basis" on the K-1? And is "Ordinary Gain" the same as "Gain subject to recapture as ordinary income" on the K-1? I don't know why TT doesn't use the same terms as the K-1. VERY confusing (as is double counting of a sale since the the sale is already on a 1099-B).
Now you've hit all the hard parts of this. Look at this thread for a detailed discussion of entering everything without double counting: https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale-of-mlp-shares-in-turbo-tax-i-sold-all-shares/00/776624
Also, Ordinary Gain = Gain subject to recapture as ordinary income