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All right. 'Tax basis' is indeed checked. I found a 2011 sales worksheet for the k-1 at the KMP website, which generated after clicking a link saying roughly "If you sold any units, click here". It has the following:

Adjustment to tax basis: -538
Ordinary gain/loss: 474
Alt minimum tax adjustment: -50

All other fields were blank.

The worksheet mentions that some information on the schedule is to be reported on an individual's form 8949.

Furthermore, block L shows a cost basis of 7376 and withdrawals and distributions of (6953) with a decrease of 423.

TT for that transaction, downloaded from Schwab, had the cost basis of 7376, but the proceeds are at 7718 and show a gain of 342.

Any action indicated for TT?
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