If anyone figured out how to report the 2018 disposition of Spectra Energy Partners, the suspended losses connected to it, and the basis of the new shares of Enbridge can you enlighten me. I have been searching the internet and making phone calls to Enbridge and getting nowhere.
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Did you see this? https://www.enbridge.com/investment-...r-faqs-updated -
I saw that but it only deals with owners of common shares not partnership units.Comment
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Client had been receiving a K-1 from Spectra? The following sounds like a logical way to handle it. Client wouldn't have a tax free exchange because they are receiving common stock shares in exchange for partnership interest. Treat the transaction as if partnership interest was sold for cash, using the number of shares received times price. http://www.spectraenergypartners.com...ition-FAQ.aspxComment
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