Thank you, but please clarify. My brokerage 1099-B did not reflect the merger as any capital gain/loss. My remaining capital in the "old PTP" was used to acquire units in the "new PTP". The new PTP K-1 package reports my capital gain/loss from dissolving of the "old PTP". I look at this transaction as basically selling my investment, claiming my gain/loss and then buying units in the new PTP. Looking at the "old PTP" K-1 Additional information Form (not using Step-by-Step), Part II, items 1-12, I filled in the info as though it was a sale. The items checked were 1a, 1a(1), 2, 3 4, 5, 6, 7, 8 and 11 (long-term). Seemed like the only way to report the capital gain for this "PTP merger". Please comment or ask for additional info.
