@GoodShip: Sorry -- wasn't meaning to imply that I did all the box checking the same way. Complete dispositions are started with "This partnership ended..." while partial are "Partial...". The right boxes need to be checked for the taxpayers particular transaction. But when I get to the financial bit, where Ordinary Gain must be entered and the 1099-B handled, I always do it the same way: Ordinary Gain handled in the K-1, Cap Gain/Loss handled on the 1099-B (by using the inverse ord gain trick). TT will then take care of releasing the correct amount of Passive Losses.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
