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# Energy Transfer Partners, L.P. Message Board

circuitest1 34 posts  |  Last Activity: Mar 19, 2014 12:38 PM Member since: Sep 28, 2005
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#### Ki question

by circuitest1 Mar 17, 2014 12:18 PM
circuitest1 circuitest1 Mar 19, 2014 12:38 PM Flag

#### K1 gain calculation

by circuitest1 Mar 17, 2014 6:02 PM
circuitest1 circuitest1 Mar 19, 2014 9:35 AM Flag

thanks pshonore for clarifying this matter for me.

• #### 0 users liked this posts users disliked this posts 0 Reply K1 gain calculation

circuitest1 by circuitest1 Mar 17, 2014 6:02 PM Flag

my original post was not clear enough - i should have asked "which is the correct way to calculate total gain when the adjustments to basis are negative. should it be
a) +10000 (sale) - 6000 (cost) -(-2000)(basis adjustment)= 2000 gain
or
b) +10000(sale) - 6000 (Cost) - (-2000) (basis adjustment)= 6000 gain

in other words should a negative basis adjustment be counted as a positive instead of a negative as you would in mathematics where a double negative turns into a plus

• #### 0 users liked this posts users disliked this posts 0 Reply K1 calculation question

circuitest1 by circuitest1 Mar 17, 2014 4:12 PM Flag

sold evep last year and i am trying to use the K1 sales schedule to calculate basis cost. I took the selling price, deducted the purchase price and the adjustment to basis ( negative figure on evep sales schedule) and came up with a total gain of \$13700 (Column 7 on sales schedule). But, my ordinary gain supplied by evep in column 8 is shown as \$19400. How can the ordinary gain be larger than the total gain.I am puzzled?

• #### 0 users liked this posts users disliked this posts 0 Reply Ki question

circuitest1 by circuitest1 Mar 17, 2014 12:18 PM Flag

i held RNF for a few weeks - did not get any dividend or return of capital - My K1 shows a Negative (\$76) for UBTI and a positive \$24 for depreciation.
How do these two items affect my cost basis? Do i add to my cost basis the \$24 depreciation, and minus the \$76 UBTI Loss?

#### K1 question about ETP, APU, and SXL

by circuitest1 Mar 13, 2014 3:27 PM
circuitest1 circuitest1 Mar 14, 2014 5:24 PM Flag

Thanks for your input arbtrdr - That is exactly what was on my mind - what will happen when I sell ETP - I will probably have a hard time consolidating data from all these documents.

• #### 0 users liked this posts users disliked this posts 0 Reply K1 question about ETP, APU, and SXL

circuitest1 by circuitest1 Mar 13, 2014 3:27 PM Flag

what is the best way to file the ETP K1 -
a) use the master k1 which includes ETP. APU, and SXL
b) file a different K1 for each (ETP, APU, and SXL)
I would prefer to file only the master K1. But, i am not sure if this would create problems in the future

#### K1 question

by circuitest1 Mar 11, 2014 6:55 PM
circuitest1 circuitest1 Mar 12, 2014 8:43 PM Flag

Thank you Jrad52 - The PAL loss carry over is something that I was not aware of - This explains why my cumulative adjustments are larger than the distributions I received.

• #### 1 users liked this posts users disliked this posts 1 Reply K1 question

circuitest1 by circuitest1 Mar 11, 2014 6:55 PM Flag

sold clmt last year - the K1 form tells me to calculate cost basis by subtracting purchase amount and adjustment from sales proceeds.

my cumulative adjustments are a negative -8146. Do I add this sum to my purchase price or do I subtract it from the purchase price?

logic tells me to subtract the negative adjustment from the purchase price. But that will give me a large gain i did not make.

adding the negative cumulative adjustment to the purchase would give me a small loss.

#### how do I create sub K1 on turbotax

by circuitest1 Apr 3, 2013 2:38 PM
circuitest1 circuitest1 Apr 4, 2013 11:16 PM Flag

Thank you Liza and arbtrdr - you answers confirm my guesses - I usually download the broker info into turbo tax. However, i always key in the K1!s manually and check for errors after each K1. I have found this method to be the most efficient.

• #### 0 users liked this posts users disliked this posts 0 Reply how do I create sub K1 on turbotax

circuitest1 by circuitest1 Apr 3, 2013 2:38 PM Flag

i read on this board that i need to create sub K1s for APU and SXL. How do I create a sub K1 on turbo tax ( i assume sub K1s would somehow be linked to the ETP K1). Would it be better to just create three different K1s. Your feedback will be appreciated

#### 0.45 Cent Dividend?

by metaltreasure Oct 23, 2012 11:40 AM
circuitest1 circuitest1 Oct 24, 2012 10:41 AM Flag

stock went Ex dividends on 9/24 - I believe you would have had to buy it before close of business on 9/23 to be eligible for that dividend. (one day before ex date)

#### SFL has lost some of its allure

by circuitest1 Jul 22, 2011 2:38 PM
circuitest1 circuitest1 Jul 22, 2011 5:05 PM Flag

The key words were "The return on equity"
2003 = 51.2%
2004= 79.7%
2005= 34.3%
2006=31.1%
2007=27.6%
2008=32.1%
2009=30.4%
2010=21.0%

• #### 3 users liked this posts users disliked this posts 0 Reply SFL has lost some of its allure

circuitest1 by circuitest1 Jul 22, 2011 2:38 PM Flag

First let me say that I enjoy this board for its informative discussions. I still own 1000 shares of SFL. However, I think that we need to keep an open mind and accept that things change over time. Have a look at the following S&P data for SFL earnings:
2003 =\$4.53
2004 =\$3.52
2005 =\$2.84
2006 =\$2.48
2007 =\$2.31
2008 =\$2.50
2009 =\$2.59
2010 =\$2.10
2011 =\$1.76 (est.)
2012 =\$1.85 (est.)

The return on equity follows the same pattern 2003= 51.2%, and 2010 = 21% - This is still a good investment. But, one needs to keep an open mind about balance sheet changes and ties to one major customer. TAL does not have as good a dividend but, its earnings are trending up.

#### I A NOT A DAY TRADER BUT...

by staggman99 Jul 13, 2011 1:12 PM
circuitest1 circuitest1 Jul 15, 2011 12:59 PM Flag

EVEP is up over three points over the last two days. Something is going on!

#### Close to 30% APY

by fredkane3947 Jun 28, 2011 8:25 PM
circuitest1 circuitest1 Jul 7, 2011 7:05 PM Flag

FYI, this is the way it should be written : "Bonne chance mes amis"

#### New potential investor....

by rbgambler99 Jun 20, 2011 12:44 PM
circuitest1 circuitest1 Jun 27, 2011 12:09 AM Flag

Staggman - be careful with AGNC - I took a very large loss in ACAS a few months ago. That stock went from paying a large dividend to paying no dividend - the value of that stock went down to almost nothing and it has only recovered to \$9 lately. ACAS is the parent company of AGNC. Also, AGNC debt is close to seven times its equity and it is all short term.

#### New potential investor....

by rbgambler99 Jun 20, 2011 12:44 PM
circuitest1 circuitest1 Jun 27, 2011 12:09 AM Flag

Staggman - be careful with AGNC - I took a very large loss in ACAS a few months ago. That stock went from paying a large dividend to paying no dividend - the value of that stock went down to almost nothing and it has only recovered to \$9 lately. ACAS is the parent company of AGNC. Also, AGNC debt is close to seven times its equity and it is all short term.

#### NOW THE FUN STARTS.....

by staggman99 Jun 13, 2011 1:50 PM
circuitest1 circuitest1 Jun 14, 2011 11:02 AM Flag

ARR does look very tempting. However, its PEG ratio is currently 6.9 (quite high for such a stock), and i am also concerned about its debt/equity of 9.0 which must consist of short term debt since it has zero long term debt.

#### TUNEUP TIME....!!!

by staggman99 Jun 2, 2011 3:11 PM
circuitest1 circuitest1 Jun 3, 2011 12:03 PM Flag

you may want to check out TICC - book \$9.97, current price \$10.05, \$1.00 div, no debt, 2.98 short ratio, PEG 0.33, Current p/e 5, FORWARD p/e 9.1 (have not investigated why earnings are projected to decrease- could be due to a non recurring transaction this year)- I do not own it -

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