<0b3hks001[at]sneakemail.com> wrote in message
news:c0e99a88-8bd6-4abc-8ecb-816e46901514[at]e6g2000prf.googlegroups.com...
- quote -

Yes, you treat them as 5 separate K-1s. Seeing as there are probably
suspended passive losses involved, you might be well served seeking the
services of a tax professional.

Ira Smilovitz

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This MLP held interest in 4 other Ltd Partnerships. The instruction
that came with the K-1 states that each of the other Ltd Partnerships
are treated as a separate activity; and income [on Lines #1 and #10]
from one activity cannot offset losses from another activity. The K-1
reports the total -- with a Supplemental K-1 Schedule showing the
breakdown among the 5 "Activities" [including the MLP]. Other line
items are to be reported in total (net).

Question: Do I treat the data as if they are 5 separate K-1s? Or do
I keeping track of each activity's suspended loss on the side?

And how do I do that in TurboTax?

TIA

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >