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Publicly Trade Partnerships


susan500

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I have only one client with a PTP. I know that the ordinary losses are suspended until there is income to offset. I do report the dividends and interest. But what about all of the other items? For instance, Net Section 1231 gain and intangible drilling costs. These items are passing through to the 1040 (the gain net of amortization for the drilling costs) but should they? And if not how do I properly code this on ATX?

Thanks,

Susan Pulaski

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