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should a K1 with only unsold stock affect tax due?
hi @nexchap
Thanks for all your posts. They have been very informative. I was hoping you or others could help with the following scenario.
I have unsold ceqp (mlp) stock, didn't sell a single share, and I noticed that entering in the K1 information actually reduced the tax due.
I was under the impression that prior to selling any mlp stock, there wouldn't be any tax impact. I do have other mlp stock that but I wouldn't expect gain/loss in those to be impacted by a mlp that has no sold transactions.
Do I just have the wrong impression?
‎April 2, 2022
7:36 PM