- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to deal with negative UBTI?
I received multiple K-1's from MLP's all of which had negative amounts in box 20V.
Had one of these been a positive amount can they all be netted together to stay below the $1,000 reporting threshold?
Are these amounts combined with future years until the MLP is completely disposed?
Does the same apply to the amounts in box 1?
May 31, 2019
5:40 PM