@yangq On the difference in purchase price, the K-1 partnership gets its information on purchase price from your broker, so it should not be lower / different. You should check your own records to verify what you paid, and then let the Partnership know if their records are wrong. But it shouldn't affect your taxes (since you'll use whatever the correct purchase price is for your calculations).
As to the many other questions on the basics of MLP taxation, there are many similar questions and discussions in this thread that may help: https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
