nexchap
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@des779First, if you just apply the formula from the link I provided, you'd get $32,000 - 92,000 + 73,000 = $13,000. So that MIGHT be your basis.I say "MIGHT", ...
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@des779The 1099B from Schwab is probably incorrect: they don't see the K-1s from the partnership, so they don't know how to adjust the basis. So you use the sal...
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@rondrummondSee this article:https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-4797/report-sale-publicly-traded-partnerships-ptps-mlps/L5XghscMK_...
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@skyeye4444Consider a very simplified example:You buy your position for $100. In the first year, the partnership has no profits but reports $10 of depreciation...
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@skyeye4444Your passive losses are suspended until either a 1) complete disposition OR 2) you report income from the partnership. So on a partial sale, where yo...
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- Posted Re: Annual how do I enter sale of MLP question on Investors & landlords. Wednesday
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