@chenxud A positive number in box 1 is unusual for MLPs, but can happen. Either way, when you get the K-1 strictly for the complete disposition, compare the losses that show up on Sched E to the 'Recapture'. They probably won't completely offset, but the Sched E will likely take care of a good chunk.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
