Hope this is not a duplicate comment. We did a complete sale of ETP and ETE before they folded both into the new "ET" MLP. My broker issued a 1099 showing the sale with the original basis. Using your guidance at the start, but since a complete sale of LT holdings. I took the broker 1099 (not reported to IRS) information to Zero, (with explanation "B"). I then used the corrected "Cost Basis" (ETE/ETP) had the correct original purchase price) and used this in the K1 interview form. I then used what they called "Gain Subject to Recapture as Ordinary Income" on the interview form for the "Ordinary Gain" and for the 1250 gain, the number ETE/ETP reported as "Gain subject to Recapture as Ordinary Income-Adjusted for Bonus Depreciation". (As positive numbers, since that is what they reported, AND I made the basis correction on the K1 interview form. It properly corrected on copy 3 of the 8949 Form as "F", not reported on 1099. It was additive, the ETE/ETP basis plus recapture ordinary income was reported. The help desk at K1 for ETP/ETP was totally unhelpful, every answer was ask your CPA, if you have a correction to your SSN or name, we can help you. Any thoughts? Hope this is correct, I am going to file this weekend. Very complicated, hope the TT program puts everything in the right place!
