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Kinder Morgan Energy Partners Message Board

  • tlturbo2 tlturbo2 Mar 10, 2012 10:39 AM Flag

    Simple tax filing question

    Sorry but this is my first year with MLP's and I have a simple question.
    I am using H&R Blocks Home version and simply filing in the blocks from the K-1 boxes. Am I safe in assuming this will take care of putting everything where it belongs?
    Question is - is this considered PASSIVE? I have a loss in Box 1 and if I say PASSIVE, it disallows claiming the loss but NON-PASSIVE allows the loss and my IRS return amount is a lot better.
    Sorry to sound stupid but thanks for any answers.

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