since it was sold in 2020 you'll receive a final k-1 with a supplemental schedule showing how to report the disposition. you should follow that. but if the 2020 k-1 and supplement have incomplete info and if you no longer own ET or any of the subs, the easiest way may be to show final k-1for each entity, fully disposed of, and use $0 for the sales price of the subs on the supplemental TT k-1 worksheet for disposition. this will release the suspended PALs. another way is to write down the PAL for regular tax, PAL for amt tax, any 199A loss carryover, and any other carryover info for each sub and add it to ET's then delete the K-1 for the subs.
for the sale of ET your loss may not be as large as you think. brokers do not reduce your cost/basis by losses and distributions. so the 1099B will be wrong. the supplemental worksheet that ET will provide will show your adjusted basis. sales price - adjusted basis + amount designated as gain subject to ordinary income recapture (section 751 gain) = capital gain/loss. the ordinary income gets reported on the disposition worksheet for ET as sales price with a $0 basis. this will flow to form 4797 line 10. (unless the forms are changed again for 2020)
