My ETP units merged into ET this year. Sold all of ET before year's end.
Does the K-1 for ETP have the income for 2018 prior to merger and the ETP breakout on K-1 for ET is all post-merger?
How then to recapture losses from ETP prior to the merger that became fully taxable when I sold ET?
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The ETP K-1 includes results from Jan 1 to merger, and the ET K-1 includes results from merger to sale date. So you have to add them together.
In this case, because the data entry for ET requires you to enter separate K-1s for ET, ETP, SUN, and USAC (and mark all of them as sold), the simplest way to handle ETP is probably to just add them together and have a single K-1 (this assumes the FEIN didn't change).
The ETP K-1 includes results from Jan 1 to merger, and the ET K-1 includes results from merger to sale date. So you have to add them together.
In this case, because the data entry for ET requires you to enter separate K-1s for ET, ETP, SUN, and USAC (and mark all of them as sold), the simplest way to handle ETP is probably to just add them together and have a single K-1 (this assumes the FEIN didn't change).
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