Hi and thanks to all. I have lost sleep over this one.
I understand and can inport info from brokerage and TC pipelines and record basis for TC Energy.
Besides, reporting the k-1 info, do I need to do anything with the following info provided by TC PIPELINES?
Purchase price/initial basis amount
Cumulative adjustments to basis
Cost basis
Gain subject to recapture as ordinary income
Amount gain/loss
Percentage long term
Adjusted for bonus depreciation - cumulative adjustments to basis (we are in florida)
Adjusted for bonus depreciation - gain subject to recapture as ordinary income
Thank you!
