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Get your taxes done using TurboTax
you need to create 3 k-1's one for each of the PTPs shown on the supplemental schedule use their EIN then enter the amounts shown for each on the respective k-1. this is necessary since each PTP stands on its own and the profit reported for SUN (lines 1 and 2) can not be offset by the loss from the other 2
you can ignore the k-3
you can also ignore the following lines - Turbotax doesn't use them and they have no effect on your taxes.
line 18c, line 19A, and all the info on line 20 except for line 20Z which is entered separately on each of the k-1s
this is the199A which is -192 for ET
199A -19 for USAC
199A 32 for SUN
in addition since the 1231 is a loss that's 199A also.
‎September 23, 2022
10:15 PM
11,844 Views