@tksprabu I think you're confusing "Ordinary Gain" with "Capital Gain". "Ordinary Gain", or "Gain Subject to Recapture as Ordinary Income", shows up on your K-1 Sales Schedule. If its not there, then you don't have any. If it is there, it'll be a positive number and has nothing to do with the -312 difference between your sales and purchase price.
If your sales schedule doesn't mention Ordinary Gain, then just enter 0 for sales and 0 for basis on the K-1 (or 21,175 and 21,175 -- doesn't matter) and you're done.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
