@poncho_mike With an MLP your basis changes throughout your ownership. Now that you've sold, you'll need to adjust the basis you're using on your 1099-B to reflect the adjustments given you on Col 5. This will obviously increase your Cap Gain. But that increase will be offset by the suspended losses you'll also be showing on Sched E, as well as any distributions (which were untaxed) you received while you owned it.
On the reference to EBIE: some partnerships may have shown an EBIE deduction on the K-1. You probably weren't able to get any credit for that, but if this partnership reported that its also included in the Cum Adjustments. So you could add that back to column 5.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
