nexchap: a couple additional questions if you have a minute..
1) what is the "1250 gain".. where is this indicated on my sales schedule or 1065? so far ive been inputting 0 for this
2) For context: I had a short term MLP holding, bought at the end of 2016, received one distribution, and then sold early 2017. I input the sales price=0, selling expense=0, and put my partnership basis to be the inverse of my ordinary gain, as reported on the sales schedule. However, later in the interview, it asks for the box info within part III of the 1065. Box 19A includes distributions, which I guess is equal to the ordinary gain in this case. Does 19A cause any double counting in any possible situation (for longer holds or more complicated purchasing/selling)?
much appreciated!!
