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Energy Transfer Equity, L.P. Message Board

  • arbtrdr arbtrdr Mar 21, 2013 7:33 PM Flag

    How to input the ETE K-1


    It is actually very simple. Either download the numbers from K-1 support of create a separate for ETE K-1 as instructed using the second K-1 page for each company. Reference the secondary K-1s to ETE and you are done. The only thing you need to do separately is keep track of the loss carry forward for ETE using the original consolidated K-1. You need that number when you sell to take your passive loss.

    The reason for the confusion is ETE owns over 5% of every other company and thus you technically own part of each. Jrad, if you are an accountant you know the requirement for partnerships. You also know that EPD bought out its GP, bought out DEP and sold its interest in ETE so all the confusion there is over. People need to read the directions. Most do not and simply start to enter numbers. If one uses TTax the whole process should only take 15 minutes and less for next year.

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