Why are the domestic production activities numbers (boxes 13T) so large? I don't consider NGLS a 'producer' (I guess they produce NGLs) but these are larger numbers than any of my E&P MLPs.
It's annoying. Up to this K-1 I was getting a $900 domestic production activities deduction from my other MLPs. After entering this one, my deduction completely disappeared (must be some ratio changed).
So while NGLS showed a large box 1 loss, it ended up increasing my tax bill (or rather reduced my refund).
Thanks lisa54 you may have influenced my decision. NGLS and TRGP have been on my radar for months but have yet to take a position.I own KMP,HEP and BBEP. They transfer into Turbo Tax but I find a good sampling of GP's outperform their MLP's price wise.