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?