thx - the broker did report the sale on 1099, but not the cost basis. the K1 provides a 'complicated' sales worksheet to calculate cost basis. now that i'm knee-deep in getting smarter, the MLP is an asset sale with distributions - so it is treated differently than a stock sale with dividends. Hence, the MLP cost basis is adjusted based on past distributions not taxed in the past - until the asset (the MLP) is sold. The K1 sales worksheet adjusts the cost basis, based on past distributions AND based on what state you are in - some states (like Calif/where we are), do not conform to federal rules regarding "bonus depreciation" - so another set of numbers is input. It's been a four-hour learning exercise AND I'm very appreciative of your reply. Hopeful my info also helps you and others.
I was able to "ADD new K1" in TTAX, so it provided the complete interview to enter the sale. However, it did not result in Form 8949, which the K1 worksheet references. Likely I will open the 8949 form and override the data entry.
