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To be conservative, I'd take that total income from the sale and consider it all to be ordinary and apply your marginal tax rate to that

I still think it is a 2 part process: the 20% tax gain on long term kicks in so price sold - cost = proceeds * 20% = first tax amount.

part 2 is the gain in capital:

the figures I got for tax year 2013 came from schedule k-1 (IRS form 1065 turbo tax).

(part II section L: ending capital account) -/+ (section A passive activity adjustment to income or loss)= proceeds * 33% = 2nd tax amount.

part 3: total estimated tax

add part one 20% total tax to part two 33% tax = total estimated taxes.

Part 4: year 2014 taxes on income from sold LP still an unknown till I get the gain or loss for the pass through.

I think that will be a little more but will be hard to determine till I get this years K1 but at least I got some kind of ball park of taxes.

interesting enough if I take all my income sense buying the LP, add it to the profit of the stock less the loss suspended for current year 2013 from section A. I get just about the same amount in taxes.
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