Another question...the instructions on the TT form (K-1 Additional Information for Sale of Partnership Interest) say that if this is a disposition of a PTP or MLP 'that was reported to you on a Form 1099-B, enter a sales price of zero on line 5 and a basis of zero on line 7 below. Enter the 1099-B transaction on Schedule D, checking the appropriate "Reported on 1099-B" box A or B.'
So instead of the inverse of the ordinary gain as you recommend, the current instructions say to enter 0.
This appears to cause the program to count the ordinary gain in the short-term loss on line 10, which flows through to 8949 (C) and Schedule D as a capital loss. Does this mean the program is incorrectly counting a gain as a loss, or is it supposed to be doing that?
