I got K1 for energy MLP and there is amount listed in Box 17 (AMT) and has number for Code A= (post 1986 depreciation adjustment and Code B = (adjusted gain or loss).
Now next question on K1interview is
enter amount from Box 17 code B and then it is giving me 2 options
Adjustment to section 1250 gain
Adjustment to section 1231 gain
Q. which box to choose and k1 has no information?
What are PASSIVE activity Losses from Last year?
Is this number in Box 1 of k1 (ordinary business income or loss from last year) ? or this is composite number you get once you complete k1 and can be carried over to next year if still own that MLP?
What is Statement A in K1? I don't see it in my K1 but TT keep asking me statement A?
