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Business & farm
This isn't correct. The K-1 MLP interview can not handle partial sales (the instructions tell you to use the broker's 1099Bs), and its not effective if you have both short and long term gains. The only time you can safely use the K-1 MLP interview is if you've done a complete sale, where all the gains are either short or long.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
May 31, 2019
10:43 PM