@PAGB I don't think this is quite right. I assume you got a sales schedule with the K-1, and it had an "Adjustments to Basis" entry that matched 11c? And you applied that to your cost basis in your 8949? If so, you need to make a couple changes in what you entered:
- Check complete disposition. TT will ask you about sale info, but just enter 0s so it doesn't calculate any gain/loss. But this will trigger TT to release the 11c value to this year's return (which is what happens when you sell). And this will also offset the change you made to your cost basis
- Check "All at risk", since it was when you held the investment. This will keep TT from declaring the 11c value as non-deductible.
That should do it.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
