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Get your taxes done using TurboTax
nexchap. Thanks for all your helpful insights. I had a complete mlp sale - all long term - so I think I can use the TT interviewer. The k-1 sale schedule includes an “AMT adjusted gain or loss” as a negative number. I am in amt territory (I think because of the ordinary gains being attributed to my mlp interests). Do you know how I should incorporate this AMT figure into my TT return? (k-1) says that goes on form 6251 line 17.... Also how can I check to see if my carry forward losses have all been released and can hopefully help reduce the ordinary gain being attributed to me on the K-1 sales schedule. I had a sizable total loss on the investment but it looks like I will be stuck recognizing and paying tax on a big chunk of phantom ordinary gains.... thanks again
June 7, 2019
4:04 PM