@nexchap Thank you for all your excellent work here. Very, very helpful! I ended up filing an extension and have a few additional questions, please. I sold all shares of my PTP (held less than a year) in one go:
(1) TT seems to transfer my K-1 Box 17 code A ("Post-1985 depreciation adjustment") figure to line 19 in Form 6251 ("Passive Activities") instead of the proper line 18 ("Depreciation of assets placed in service after 1986"). Have you run into this? Is there a way to force TT to move this to the proper line 18?
(2) My Sales Schedule says I am required to attach what amounts to a two sentence "IRC SECTION 751 STATEMENT" to my return. Have you dealt with this before? If so, how?
(3) On Form 4797 Part II line 10, my Ordinary Gain is reported by TT as simply "From K-1" with only the Gain stated. A tax guy I spoke to felt that I needed to fill in all the fields on this line (dates, sales price, depreciation, etc). I haven't found a way for me to enter the fields on my Mac version of TT Permier. Thoughts?
Again, many thanks for what is becoming a classic post on MLPs!
