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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.
‎April 25, 2020
7:30 AM