@nexchap aha, you are really helping me to get a better understanding of MLP investment. I had a loss (K-1 box-1) of $1006 from last year and now the loss is unlocked showing in schedule E, so all together they are more reasonable numbers to me.
One more thing about QBI: I just got another K-1 from another MLP (EPD), which I have a large position, showing big loss in K-1 box-1 (about -$10K). I just found out the $3804 QBI realized by MMP sale is offset by the QBI (loss0 from EPD, and the total is a negative QBI, and I do not have any QBI deduction on Form 8995. Is this correct? I thought PTP (incl MLP) losses cannot offset other passive gain (until sell), but seems QBI loss can offset other QBI in the same year? Thank you once again!
