@nexchap Hello: My first time doing k1. I bought Spectra MLP during 2018 and it was acquired by ENB in 12/2018. I am trying to do this on turbotax but its quite confusing. Is there a step by step guide on how to enter this information into turbotax. I have downloaded k1 form into turbotax. in turbotax k1 questionnaire. i answered as follows -- this partnership ended in 2018, then complete disposition was checked. then q was what type of disposition was it, i clicked sold partnership interest. The question is about the enter sale information ( regular gain or loss). eg sale price - is that the total amount that was credited to my brokerage account after MLP units were sold? If I enter that amount a lot more tax seems to be required to be paid in federal taxes. Another question in the same . page asks about partnership basis - is that info on k1 form if not how to calculate that? Thanks
