The way I dealt with the 4 K-1s was to enter the disposition recapture on just ET for the other on their K-1s I used zero for sales price and zero for cost. This was solely to prevent them from being transferred into the following year and to free up their suspended losses.
In my situation I was being conservative because one showed a profit while the others showed losses. So I got taxed on the profit while the losses on the other 3 were suspended. Since the IRS has not clarified the issue, I can't say using 1 K-1 is right or wrong. If you do, then add the line 2 loss to line 1 because Turbotax does not accept entries on both lines in a single K-1.
