Thanks for all the help on this Nexchap! I am going to go trace the losses you mentioned on MLPguy1 reply, just to check if they did move forward. We did do a complete disposition, all long term. Using the interview process, (after zeroing the 1099B from Schwab on the ETE/ETP) makes the Form 8949 show the capital gains (less the ordinary income portion) while the Form 4797 has the ordinary income. When I add the 2 together for each MLP, I come up with the Sales Report that is on the K1. It was confusing for a while, since the 8949 did not tie to the MLP K1. However, when you add back in the "ordinary gains subject to recapture as ordinary income" (Form 4797, Par II, Line 10), it ties within a 1$, rounding error of the Average cost basis! Yea.
