Thank you for helping. Only figures on Line 4a and 12- all positive. Net LTCG on Line 4a and on Sch K-1 Worksheet- line 4a. I was looking at Form 1040 for summary and then on the K-1 worksheet. But as I continued to look for answers, I realized I had a capital loss from sales of funds. TT only asked about passive loss/gains which is N/A. 5. Correct, the CG on Sch K is a result of the sale of my parent's home.
My capital losses should offset my federal taxes, I think you made me see the error of my approach. Good thing. Thank you for trying to help! DENNISE
