mwh1
Level 2

Investors & landlords

When I try to override the tax basis on 8949 as you suggested for an MLP sale, TT tells me that I can't change those numbers (apparently because they are carried onto 8949 from somewhere else that they were orginally entered).  


I fundamentally don't understand why a work-around is needed to process an MLP sale in the first place?  

 

My inclination is to follow the interview process and put in the numbers that are shown on the sales schedule.  If I do it that way, am I getting doubled taxed or something?  What about TT's accuracy guarantee?

 

I know you've patiently helped people with this over several years, but I don't understand why we need to do the work-around?   Your insight would be much appreciated. 

 

Thanks for your patience and helpfulness!