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if you are filing a partnership return each PTP is a separate activity which needs to flow through separately to each partner/member K-1. I don't know Turbotax business, so I don't know if its capable of providing the proper reporting to each partner/member. 

 

 

even if you take the position no partnership return needs to be filed, if there was an investment in 100 PTPs each individual partner/member would have to enter 100 k-1s in their 1040 which I think is beyond the capabilities of any Turbotax personal tax product. Of course, the numbers would have to be split based on whatever allocation was agreed to which may create further issues depending on what name ein/ssn is on the k-1.