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bogus828
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Can Turbotax handle an individual's tax return for a Master Limited Partnership merger? If so, which version?

Turbotax Premier does not seem to handle information from a Master Limited Partnership K1 correctly and completely when the MLP shares have been sold as part of a merger.  Specifically, "ordinary gain" amounts due to the merger are not entered properly on the Federal Form 4797.

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Can Turbotax handle an individual's tax return for a Master Limited Partnership merger? If so, which version?

Turbotax Premier is the right product.  The issue with MLP handling has been going on for a while.  Here's an answer that covers the workaround for entering sales correctly:  https://ttlc.intuit.com/questions/3760966-how-i-report-the-sale-of-mlp-shares-in-turbo-tax-i-sold-al...

As for merger issues, what are you running into?  There may be another workaround for that.


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