@Anonymous
I edit my Question at the same time you replied. So I will add that part here as it gets me the closest. I will try and do your suggested basis calculation when I get back.
I cannot just use the Sales Schedule as it does not factor in any of the suspended losses. But I did come with another method that might make the most sense.
If I ACCEPT the numbers from the MLP Sales Schedule, but keep the suspended loss separate, then per the MLP Sales Schedule:
The Ord Gain = $1,656 - $636 Box (1 Suspended Losses) - $406 (Box 10 Suspended Losses) = $614. That assumes I can suspend Box 10 losses and apply them here.
Long Term Capital Gain = -$243
This seems most rational, because I had an actual loss of $6,225 - $6,703 - $6,225 = -$478 and I receive $829 Distributions, so I made $351 and then it is just how much is short .vs long term capital gains.
So it at least seems more reasonable, but not sure why it does not match up.
Q1) Does Box 10 losses get suspended and did I apply my suspended losses correctly to calculate the "TRUE" Ordinary Gain and Long Term Gain.
Q2) I am still missing something. As I showed above my actual Gain for this MLP Distribution and All is $351 and the only issue is which part is short term and which part is long term.
Yet doing it this way I show a total of $371 in gains ($614 Ord + - $243 Long Term)
I know only $20 difference, but this was a small and easy sell, so trying to get this calculation down pat.
