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Crestwood Midstream Partners LP Message Board

  • rudfox rudfox Mar 20, 2014 2:58 PM Flag

    Entering CMLP K-1 info into TT for old NRGY holders

    Holders of NRGY will enter 4 K-1s into TurboTax (TT) from the 4-in-1 Crestwood K-1 are these:
    a. CEQP: Crestwood Equity Partners, LP FEIN: 43-1918951
    b. CMLP/NRGM: Inergy Midstream, LP FEIN: 20-1647837 (topic)
    c. CMLP: Crestwood Midstream Partners FEIN: 56-2639586
    d. SPH: Suburban Propane Partners, LP FEIN: 22-3410353

    In addition, holders received a separate CMLP K-1 FEIN: 20-1647837 (topic)

    This post is to discuss and inquire about entering info into TT on
    CEQP (NRGY): Crestwood *Equity* Partners, LP 20-1647837.

    1. My thinking is to start with the separate K-1. This is the one that you get by clicking Legacy on TaxPackageSupport, then selecting Crestwood Midstream Partners -- Formerly known as Inergy Midstream. This can be downloaded as a TurboTax TXF file.
    2. Add in capital account info and other info not included in the TurboTax download.

    3.Add in the numbers from the CMLP (NRGM) column of the 4-in-1 to that K-1. Use Turbotax supporting details to do the summing, and thus have a record of where each part came from. These pieces have the same FEIN.
    4. In the 4-in-1 the bottom of "SUPPLEMENTAL K-1 SCHEDULE FOR TAX YEAR 2013 it says
    "Transfer of a portion of your capital account of Crestwood Equity
    Partners, LP CEQP 43-1918951 (formerly known as Inergy, LP) to
    Crestwood Midstream Partners, LP (formerly known as Inergy Midstream
    , LP) $nnn [where $nnn represents an amount]

    Do this by increasing the first or second line of Box L by $nnn. Or has this already been done. This is the part I don't feel that confident of, but there may be other parts that I am mistaken on.

    5. Add the suspended loss as a negative number from FEIN: 56-2639586 CMLP (6/19/2013 - 10/7/2013) K-1. Enter that into page 3 section A line 1a. This aspect was discussed in http://finance.yahoo.com/mbview/threadview/?&bn=1c74df18-bc63-34d5-b2d3-0a2279a8094f&tid=1394153146298-096de0b6-8950-484e-b346-7fb84e470c37&tls=la%2Cd%2C0%2C3