Investors & landlords

Mike 9241,

 

Energy Transfer LP PTP was purchased in 2024 and sold in 2025.

So, I want to know what tax documents I will receive in 2025.

Seems like I will still receive K-1 and K-3 and go through this nonsense in 2025.

 

You mentioned, Partners in a partnership are not exempt from filing Form 8990. 

I had an accountant prepare my taxes and he did not complete Form 8990.

He Completed D, E and form 8582.

 

I have a loss of $5 in Box 1,

6a Ordinary Dividends $2

13 K EBIT $2

 

I read there are some exemptions to filing form 8990.

 

I am at the point where if it is wrong the accountant can handle it. That's not my style, but it is what it is.

This is so little money it is not going to make a difference on the bottom line.

Now that it crunch time, I doubt I will  find another tax preparer to check his work, and the expense is not worth it. 

Is it worth buying TT Home and Business next year?

There will probably be questions in the interview I don't the answer to.

 

Any thoughts?

Thanks