In Forms mode, Sch K1, Form 1065, Part II, Disposition, I find this note in the help center. "Line 5 - Sales price
Enter the selling price of the interest. For abandonments, enter zero. For liquidations, enter the value of the assets received. NOTE: If this is a disposition of a publicly traded partnership (PTP) or a master limited partnership (MLP) that was reported on a Form 1099-B, enter zero for both the sales price and the basis on lines 5 and 7 here and report the sale as normal on Schedule D, checking the appropriate "Reported on 1099-B" Box A or Box B. By reporting the sale of the PTP or MLP on Schedule D and entering zero as the sales price and basis on this K-1 Worksheet, the disposition will get processed correctly throughout the return."
I tried this and all seems to fall into the correct places and work correctly. I had a complete disposition/sale of a PTP, long term gain. I checked the 1099B forms/info that was imported from ETrade and the cap gains seems to be calculating correctly. On the K! interview, Enter Sales Info, I entered zero for Sales Price and Partnership Basis. I entered the Gain Subject to Recapture as Ordinary Gain/Col 7 from my Sales Schedule into Ordinary Gain in the K1 Enter Sales Info area.
Is this all correct and will work right?
I'm just confused by one point in the Help Center quote from above, " report the sale as normal on Schedule D, checking the appropriate "Reported on 1099-B" Box A or Box B." I cannot seem to find a place on Sch D to do this, report as normal and check appropriate box A or B.
