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Enterprise Products Partners L.P. Message Board

  • dvrste dvrste Mar 24, 2012 7:54 AM Flag

    questions for a cpa

    sold my entire holding in taxable acct.

    included in the k pkg. is a " sales worksheet which contains the adjustments to basis ( which includes the ordinary losses, distributions & minor other items) Also included is the amount of ordinary gain. There are instructions re: how to arrive at the total gain on the sale and a statement that "suspended losses" can be recognized.

    My question is this: why does the a"adjustments to basis" include the cumulative ordinary losses-- which are claimed as "suspended losses" I will achieve the same taxable situation if I do not include said item in the "adjustments to basis" and do not claim the passive loss

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