Let’s back it up a bit. I’m not a tax prefessional, but this is my understanding of how we’re supposed to be dealing with BX:
On 7/1/2019, BX converted from an MLP to an equity stock. So, If you held any BX before that date, you got a final K1 for those MLP shares. Anything you do after 7/1/2019 will be just like any other equity stock transaction. Any sales, purchases, etc. will be reflected in the 1099-B. As far as TT is concerned, you did a total disposition of your BX shares on 07/01/2019. And, this is where I am guessing…. in the interview, you enter zero cost basis and zero proceeds, so that there is no tax consequence for this conversion.
My Supplemental Schedule shows the lower number as "Foreign Qualified Dividends 6b", so using your numbers: 267 - 32 (foreign) = 235 (US). Good luck. Glad they converted to a regular equity… their K1s always seemed so much more confusing than others.
