Deductions & credits

Every year there seems to be a different issue with K-1s.  As Buckeye Partners was mentioned previously, I thought I would post what worked for me this year on Buckeye and may help for other PTPs. 

 

As suggested, there are two K-1 entries.  First K-1 I titled "Buckeye Partners - General" and includes entries for all Parts and all information EXCEPT Box 16F and Box 16M (16M1 on the statement)

 

Second K-1 is titled "Buckeye Partners - Passive" and only has the Part I entries to identify it and the Box 16F and 16M information that was not entered in the first K-1.

 

My thanks to rbeck777 and rlottsman for their infomation that helped get me to this resolution.