@Taxes_are_hard You'll want to enter the K-1 into TT every year, simply so TT can track all the suspended losses and handle them in the year you sell. TT will also handle most things that need to be reported as well.
After entry, you'll also want to review the K-1 Worksheet in TT (in 'Forms' mode), on the off chance that the Partnership reported some sort of oddball entry that TT can't deal with (e.g., 13K EBIE) and where you have to fill out forms outside of TT.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
