@Willard131313 I believe the online version will still allow you to "print" your return (print to a pdf) with all the worksheets. That's not as convenient as 'Forms' mode, but may still get you to the answer. However you do it (even if that means switching to the desktop version so you can go into Forms), I'd be very hesitant to ever handle a MLP in TT without verifying that the numbers from the K-1 have gone through the return in the correct way.
With that said, its definitely possible for a MLP to lower your tax bill. A capital loss on Sched D will offset other capital gains. The suspended losses released on a complete sale (Sched E) may exceed the Ordinary Gain (Form 4797) and offset other income.
But its also possible for TT to lower your tax bill because a mistake was made in entering the K-1 info. So best to verify.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
