So I assume the partnership is the parent, and it owns three companies (ET, USAC, & SUN). The parent partnership (Energy Transfer LP) has the same FEIN number as the component company ET.
Sort of. There are really just 3 companies: ET, USAC, and SUN. Each are traded independently. You could buy stock in any of them.
It so happens that ET owns some of the stock of USAC and SUN. They bought it, just like anyone else could. If they weren't a partnership they'd just add everything they got from USAC and SUN into their numbers, and you'd never know anything about it. But they are a partnership, and are required to report things separately. So you wind up with 3 K-1s: one for each.
"Is the business that generated the Section 199A income a separate business owned by the partnership?" is asked.
The answer is 'yes'. When you're entering the USAC info, and handling their reported 20Z / 199A numbers, they're the business that generated the income. Same for ET and SUN. The reason the question is asked in TT is to make sure that you don't lump several businesses together. And in this case, because you're splitting the K-1s, you're not.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
