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laddie
Returning Member

How do I report 1099B adjustments to account for sale pf MLP stocks

 
2 Replies
JohnB5677
Employee Tax Expert

How do I report 1099B adjustments to account for sale pf MLP stocks

If you have a Master Limited Partnership that sold stocks ,it would be reported on a K1, and not on a 1099-B.   If you sold the MLP stock itself it should have a K-1 for the time you owned it and a 1099-b to report the sale.

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How do I report 1099B adjustments to account for sale pf MLP stocks

@laddie -- 

Here's a long thread on how to correctly enter the info into TT:  https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...

 

There are several examples in the comments that should help you walk through it.

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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
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