balibill1
New Member

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