@nexchap, thanks for the great explanation. Just to confirm ny understanding, I should add line items 5&6 from each year that i received a K1 to my tax basis an...
@Mike9241,so the interest and dividend listed on the line 5 and 6 are not the same thing as the cash distribution I received from the PTP throughout the year? T...
Another question, are PTP redemptions (non-voluntary sale of PTP shares) treated the same as sale of PTP shares for tax purposes. My K1 says these should not be...
So I enter ordinary gain as $37,689 and AMT gain as -4,001? So my adjusted basis is my original purchase amount minus $21,762? Then my capital gain is sales pro...
