- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Final Schedule K-1 from Publicly Traded Limited Partnership Questions
For several years, I was a domestic, passive, limited partner (100 shares) in TC Pipelines, LP (a publicly traded limited partnership). On 03/03/2021, when the sponsor "purchased" (via a stock exchange) all outstanding publicly traded interests in TC Pipelines, LP, the partnership became no longer publicly traded. Our 100 shares of TC Pipelines, LP was EXCHANGED for 70 shares of TC Energy Corporation. I recently received our Final Schedule K-1 from TC Pipelines, LP. As I try to accurately enter the K-1 information into TurboTax Premier and to follow the accompanying help information, I don't know whether this was a COMPLETE DISPOSITION, A DISPOSITION NOT VIA SALE, or something else? Further, the K-1 indicated that I had Section 199A income and should have received a Statement A. I did not and TC Pipelines indicated that they cannot provide one. So what do I do? Thank you.