How to merge passive losses from MLP merger with surviving MLP sold in same year?

[Tjr520]

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?

[nexchap · Accepted solution]

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).

[Tjr520]

Yes, putting one K-1 for ETP summing them together makes sense! On the sale questions, do I put the ordinary gain on ET only and set the ETP, SUN, USAC to 0?

[nexchap]

Yes