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I received a 1099 from Vanguard for the sale of my MLP stock. I got a K1 from the MLP. I entered both on my TaxAct program. My question is, am I being taxed twice on the stock sale?

Chris W. Rea
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TheOneandOnly
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1 Answers1

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The K-1 generally supersedes the 1099 for MLPs. Look for a "Sales Schedule" included with the K-1, listing the basis and sale proceeds. See also this question.

nanoman
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