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PTN did "check the box" exchange to be treated as a corporation.
The PTN (TEEKAY LNG PARTNERS) a publicly traded ptn doesn't recognize the exchange as a sale, but did show this was a Final K-1. The K-1 Wks wants to treat this as a sale or liquidation with sales price, basis, and other sales information. Without answers to these questions, errors show up. Suggestions on how to proceed would be appreciated.
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Don't mark it as final. Delete it next year.
The more I know the more I don’t know.
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Don't mark it as final. Delete it next year.
The more I know the more I don’t know.