balibill1
New Member

Get your taxes done using TurboTax

@nexchap finally getting around to completing my taxes.... one issue with the mlp sale is that while treating the sale as a final k-1 sale / complete disposition did release the all the suspended losses more than covering my ordinary gains for my federal taxes. For some reason it does not seem to have the same effect on my California return in TT. It just seems to recognize the ordinary gain part and ignores the realsed losses...  Any thoughts or solutions to this dilemma.  Also the release of the losses seems to have been applied to all my income not just my MLP gains... is that correct? Thanks again for your help....