No line entry under Schedule B-1 Part II should be greater than 100%. A partner cannot own more than 100% of the partnership, even if all other partners contribute to that partner's constructive ownership. The percentages are based on the partnership agreement, which would not provide for more than 100% total ownership.
Basically, you add up all the ownership percentages that contribute constructive ownership to determine the entry for Part II.
See IRS Instructions for Form 1065 Schedule B: Constructive ownership of the partnership.
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