nexchap: have you any advice for handling a PTP-MLP sale situation in which sold half of my interest in the PTP-MLP as a short-term sale in April 2019, and then the PTP was liquidated a few weeks later [May 2019] in a non-taxable transaction which ended the PTP and I got a K-1 which says Final K-1 [received shares in the newco -- same amt of shares as before the liquidation so this seems to be why this latter transaction is not a taxable event]. Are all the passive losses on the K-1 still not deductible this year? but somehow impact Cost Basis of newco shares, which i still am holding? -- thanks for any help you can share!
