Hi Mike,
I sold CEQP right before it was acquired by ET. (Bad move I know.)
Anyway, I owned it for ~two years. Received about $24K in distributions. I paid $203K for it and sold it for $190K -- so simplistically gained about $11K ($190 +$24 = $214. $214-$203 = 11K.)
What seems crazy is the K1 reports almost $84K in "gain subject to recapture as ordinary income."
Does that any sense at all to you? Thanks again!
