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Enterprise Products Partners L.P. Message Board

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  • lizahuang54321 lizahuang54321 Feb 1, 2013 3:50 PM Flag

    Tax Information

    Although you are correct that losses can often be offset against gains from the same partnership, there are a number of ways that entering a K-1 can reduce your tax liability.
    The best example was 2 yeas ago when I entered by APL K-1 and my tax bill dropped by $10k. I didn't understand at the time but it was explained well by jrad (tax professional) on the APL board at the time (probably around March 2011 if you want to look).

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