Ok, so I bought 1000 units of Oxford in the hopes it might recover some from it's $1.00 or unit price.after three months I realized that wasn't going to happen, so I sold it at a "book loss" of around $250 figuring i could write the entire loss off my taxes.   Wrong!

 

I got my K-1 a few days ago, and after going through the sales schedule, with the short time I owned it (about 4 months), the -$250 loss was reduced to a -$60 loss, and once I deleted the 1099-B and entered all the into from the K-1, tax increased by about $50 from what it was before all the entries.

 

So buyer beware when you flip an MLP.