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K-1 sales schedule: Columns 10 and 11
Can someone clarify the use of columns 10 & 11 on the 2022 MLP Sales Schedule? I'm trying to understand if the values in these columns replace values in columns 5 & 7 for those states that don't conform to federal rules regarding Bonus Depreciation. Additionally, are the "cumulative adjustments to basis" (column 5 or 10) primarily the cash distributions received on the MLP units during the period of ownership prior to sale?
‎September 5, 2023
4:47 PM