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Hello Nexchap,

Sorry to bother you again. I do not think I completed the "Enter Sale Information" correctly based on my Sale Schedule. I cannot back into your numbers and calculations because of this. 

I posted a Sales Schedule above.

On the "Enter Sale Information" screen, is this how I should enter the data?

Regular Gain or Loss                                            AMT Gain or Loss

1. Sale Price: (leave blank)

2. Selling Expense: (leave blank)

3. Partnership Basis: 2381 [2000 - (-381)]         Partnership Basis: -2381 (reverse of Regular Gain or Loss)

4. Ordinary Gain: 2000                                         Ordinary Gain: -2000 (reverse of Ordinary Gain)

5. 1250 Gain: (leave blank)                                  1250 Gain: (leave blank)

Formula from your response:

Capital Gain/Loss = [sales proceeds] - [your adjusted basis] - [your Ordinary Income]

Formula with my Sales Schedule data:

Capital Gain/Loss = [ 0 ] - [ -1083 ] - [ 2000 ] or -917  (Is this correct)?

From your response: Then the numbers you'd want to see in TT on your 1099-B is 5000 for proceeds, and 5000 - (6500-2500) - 2000 = -1000 as your Capital Gain/Loss.

Formula with my Sales Schedule data:

[ 0 ] - [ 4017 -  (-5101)] - 2000 =  -11,118  (Is this correct???)

Again, I apologize for the continuous barrage of questions and appreciate all the help you provided.  Thank you!!