PatriciaV
Expert Alumni

Investors & landlords

The steps posted previously have been tested and are designed to produce an accurate outcome for the sale of a PTP/MLP interest using TurboTax.

 

The K-1 entry will report the ordinary gain/loss. Form 1099-B will report the capital gain/loss for the sale.

 

As long as your return doesn't report these gains/losses twice, you can use whichever method you choose.

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