@Allencar -- In thinking about it further, isn't this only possible if you have an allocation for non-recourse loans from the MLP and your capital account has gone negative? This would mean you still have basis (so when you sell, your 'Adjustments to Basis' would exceed your 'Purchase Amount'), but it would also mean that investment is no longer "at risk". Not being "at risk" any longer means form 6198 is in play, and in that situation there are additional rules for increasing your proceeds (beyond the cash you received) to account for being in this unusual situation. Bottom-line: I'm not sure exactly how to tweak TT to handle this, but suspect its a lot more complicated than what you listed above.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
