PatriciaV
Expert Alumni

Business & farm

Cumulative adjustments to basis include allocated income, losses, and other historical changes to your initial investment as recorded by the PTP.

 

The line numbers used by Mike9241 come from the supplemental information provided by Energy Transfer LP with Schedule K-1.

 

If you didn't take the cumulative adjustments into account when you calculated your basis, you would expect a different gain/loss than is reported.

 

Follow these instructions to accurately report this sale.

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