The built-in gain box is checked "Yes" in Part II of the new ET Schedule K-1. Also, there is a separate statement in the K-1 package that lists FMV of ETP units, Tax basis of ETP units and the Built-in Gain value (1k). The IRS instructions reference box 20 code W (Pre-contribution gain/loss) and box 19 code B (Distribution subject to section 737). However, it is worth noting that on my K-1 both box 20 code W & box 19 code B are blank. So maybe there is nothing to do? Thx for reviewing.
