Hi, @nexchap , thanks for your post, it helped tremendously! Regarding you comment:
1) Partial sales: In these cases, the capital gains/losses must be fully recognized. However, if you enter them during the K-1 interview they're treated as passive and suspended (for cap losses) or used to release past years suspended losses (for cap gains). Neither is correct.
Could you please point me to the publication that explain this part? Why the capital gains/losses must be fully recognized in PTP situation?
Thanks so much!
