What is "Basis of Partnership Interest" in Part II Line 7? Getting error message looking for input. What is it looking for and where do I find the answer?

[ryoulden16]

See attachment-1 for specifics.

[ToddL · Accepted solution]

The "Basis of Partnership Interest" is what you paid for the investment, less any cash distributions you received plus your share of any income reported on the Schedule K-1s from 2015 and 2016.

[ToddL]

The "Basis of Partnership Interest" is what you paid for the investment, less any cash distributions you received plus your share of any income reported on the Schedule K-1s from 2015 and 2016.

[allenbond]

Since I've been doing my taxes with TurboTax since 2015, it's frustrating that TurboTax just can't do the math from those previous tax forms.

[Rick19744]

It's not the responsibility of TT to maintain the basis of a partner's interest in the partnership.

That is the partner's responsibility.