@GoodShip: I contact the K1 preparer after they generate the K-1. It may be possible to do it ahead of time, but they're able to send out a revised one within a day or two so it hasn't been an issue.
As for brokers, I didn't mean to imply that they're sending lot information to the K1 preparers. They're not (though they do provide dates and amounts for purchases and sales). I just prefer to make sure my broker's lot records match my own. It doesn't really make any difference, but MLP tax calculations are chaotic enough so this let's me impose just a tiny bit of order on the process.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
