Hello Nexchap:
I just sold ET at a considerable loss. The issue at hand has to do with with the many subsidiaries that ET has been involved with over the years and the requirement of the IRS to individually enter the K-1 for all of the subsidiaries individually . As time passed they incorportated some of the subsidiaries into ET. The PAL of the subsidiaries are then left to linger in la la land. How do I incorporate the PAL of the incorporated subsidiaries from the past that no longer have an individual K-1 so that I can capture the PAL? They will not be incorporated into the final K-1, at least to my knowledge.
GBL44
