When therre is a sale of a PTP on the NYSE, will the Partnership issue a final K-1? Are there any special handing required?
- posted
15 years ago
When therre is a sale of a PTP on the NYSE, will the Partnership issue a final K-1? Are there any special handing required?
Yes and Yes
The K-1 should also give you the recommended wording for an "IRC Section
751 Statement". This statement must be included with your tax return. Because of the requirement to include this statement, it appears that the return must be filed manually rather then electronically.Note: I am not a "Professional Tax Preparer". I sold a PTP myself and in the middle of going through the process of preparing my return.
replying to Kadaifi, OldandGray wrote: how does one handle wash sale of PTP?
The same as you would any other wash sale.
Ira Smilovitz
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