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

laddie · ‎April 4, 2020

JohnB5677 · ‎April 5, 2020

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

nexchap · ‎April 14, 2020

@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.

**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!