I know that the 2 CPAs I work for here said they had never seen this and had no idea how it would work. TTax as you would guess cannot handle it. I have owned ETP for a long time and will be out of basis this year but not on ETE. The good part is there is absolutely no chance that anyone at the IRS has a clue about this issue unless he is a reader here.
You and pshonore are the real tax experts on MLPs. I am only an old washed up accountant who consults with Intuit.
