@mmittanck: The problem with the TT "enter 0" stuff is that it doesn't anticipate the entering of Ordinary Gains. If you enter 0 for sales, 0 for basis, AND $100 for Ord Gain, TT is going to calculate a -$100 Cap Loss in the K-1 interview. If you go to Forms mode, and look at the K-1 worksheet, you'll see the $100 Ord Gain and the -$100 Cap Loss. Going further, the -$100 Cap Loss will be transferred to a new 8949 Form (most likely under Code F). This is not necessarily a problem, as long as you make sure that the combination of this new TT creation plus your 1099-B form add to the right number. This hassle is why I suggest always setting the basis to the inverse of Ord Gain: it accomplishes what TT wants (always running the Cap Gain/Loss through the 1099-B), it works no matter what the selling situation is, and it technically matches the TT instructions in the case where there's no Ord Gain.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
