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Get your taxes done using TurboTax
@nexchap This is a great discussion. Thankfully I'm in the "easiest" use case where full disposition of all-long MLP took place. Based on your advice I just need to follow the K-1 interview and delete the broker's 1099-B, easy enough.
My question is about importing .txf for the K-1 instead of manually doing the interview. Wouldn't it be easiest to just import the final sale K-1 using it's corresponding .txf file (provided by tax package support) and avoid any human error. Of course the broker's 1099-B still needs to be delete by hand, yes?
I was very meticulous in reading the discussion but I didn't see anyone importing K-1 .txf files? Why is that? I've been doing it for years on my MLP holdings and I've never entered any K-1s by hand into TT. This year is my first time of a sale of MLP hence I am putting all my past practices under scrutiny to make sure it is done correctly.
Thank you for the great information! If you have any feedback around the .tfx process please share with the community. Thanks again.