@Mike9241
Thank you very much.
IMLP means Master Limited Partnership?
Mine is a PTP: Publicly Traded Partnership
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And what does " If total disposition " mean? Do you mean if all the shares were sold last year?
On the Transaction Schedule Page, End of Year Shares is zero so I assume that means all the shares were sold.
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"On the k-1 disposition section for sales price use the ordinary income (sometimes you’ll see a column with the “751” or the words ”gain subject to recapture as ordinary income” )
Cost is zero
Ordinary income is the sales price.
The ordinary income flows to form 4797 line 10."
On my Sales Schedule page there is no column for " gain subject to recapture as ordinary income ".
I only have information for:
SHARES SOLD, SALE DATE, PURCHASE PRICE/INITIAL BASIS AMOUNT,
CUMULATIVE ADJUSTMENTS TO BASIS, COST BASIS,
So if I understand correctly I don't have to worry about this part.
