Hello,
I asked a question yesterday about complete disposition of an MLP and @Mike9241 answered that question well for me. I now have a few questions about a partial disposition and would greatly appreciate any advice.
1. Can I handle a partial disposition the same, such as below for ARLP and then correct my cost basis on the 1099B as $20,219 ($16,616+$3603)?
2. Energy Transfer is very complicated, it appears. I ended up doing five K-1's for that alone, based on recommendations here and in TurboTax. One for ET (Bus), one for ET (Real Est), one for Sun (Bus), one for Sun (Real Est) and one for USAC (Bus). My question, is can I do all the sales information for just one of them (ET (Bus))? They don't break it up on the sales schedule. And if I can, why all the other K-1 forms?
3. Lastly, Form 8990. Apparently TurboTax does not handle this. Two of the MLP's have $0 for Box 13 Code K so I assume I do not need them, but ET has $778 for Box 13 Code K. How do I handle this? Is there going to be a problem because of all the K-1 forms associated with ET?
I apologize for all the questions - thank you again.
