how to input K-1 statement information in Turbo-Tax Deluxe versionI am having a difficulty in inputting a K-1 information from Plains All Ammerica Pipeline LP (PAA). We own shares on PAA but they sent information not only on PAA but also on a Canadian sub (PNG), for which we don't own any shares. The left side of the K-1 statement shows the information pertinent to Part I. Part III, however, has been split between PAA and PNG.The left side is for PAA and the right side for PNG. The top portion under PAA shows information for Boxes 1 through 13. From Box 16 through 20 the information has been provided on Canada. Part II-K provides information about the partner's share of liabilities at year-end-non-recourse.
Since we don't own any shares on PNG, I assume we don't have to report the PNG portion. The question is should we report the activity on Canada under PAA as well?
On another LP company we own shares-Magellan Midstream, they show an amount under "Alternative Minjimum Tax Basis Adjustment", which needs to be inputted into Form 6251. I could not find this form in the forms section of Turbo-Tax.
Thanks, Lucas Gomez