Energy Tranfer and Energy Transfer Partners merger

[Anonymous]

Energy Transfer (ET) used to be Energy Transfer Equity (ETE) and they changed name to ET.

Both Energy Transfer (a General Partner) and Energy Transfer Partner (ETP) are structured as Limited Partnerships.

In 2018 ETP and ETE/ET Mergered.

ETP had 2 underlying limited partnerships  -USAC and ETP

ETE had 4 underlying limited partnerships- ETP, ET, USAC and SUN

Any Energy Transfer mergered ETP into ET and for 2019 and onwards there are 3 entities within ET (ET, USAC and SUN).

Merger between ET and ETP was Non-Taxable.

My question what happened to those carry over losses from 2018 from ETP? Do they automatically moved into ET (meaning I as limited partner don't need to enter/report anything)

or I need to keep track of those

or I need to enter in ET worksheet as additional carry over losses/gain. (there were only losses as I can recall)?

[Mike9241]

the 2018 ET K-1 really consisted of 4 MLPs/PTPs ET, ETP, USAC, and SUN. a supplemental statement was provide breaking down each line on the ET K-1 among the 4 partnerships. since ET and ETP merged their combined k-1 info is entered on the ET  K-1 while the USAC and SUN info is entered on the K-1 for each. 

For the FINAL (2018)  ETP K-1 that consisted of ETP and USAC again a supplemental statement was provided breaking down each line of the ETP K-1 between the two partnerships.  so the ETP amounts for USAC get added to the ET amounts for USAC. it's the total that gets entered on the USAC K-1

the final ETP K-1 amounts for itself gets added to the ET/ETP K-1 amounts 

any passive loss carryovers from 2017 for ETP would need to be added to any passive loss carryover from 2017 for ET.

the ETP k-1 should be gone for 2018. no gain or loss is recognized at this time

if done correctly at the end of 2018 there will be 3 active K-1's related to this - ET, USAC, and SUN. when doing 2019 if you do the transfer correctly the PAL c/o's from those 3 should transfer to 2019