Get your taxes done using TurboTax

@Anonymous -- if you're referring to the example @Oldguy provided, where the K-1 just lists that 96% is long-term, I'd treat 96% of the basis adjustments, and 96% of the Ord Gain, as long term and 4% as short-term.  Then the Cap Gain can be figured separately, using the actual sales proceeds from the short term lots and the long term lots 

**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!