Hi Nexchap. One other question on MLP non-taxable merger. When MLP A (CEQP) merges into MLP B (ET), what happens to the cost basis for MLP A? Does it also have to be carried forward (separate record only) and combined with cost basis for MLP B when MLP B is eventually sold?
Or does the cost basis for MLP A get figured into the cost basis for MLP B when the K1 is issued for the first time after merger?
