Get your taxes done using TurboTax

Go to Forms mode and look at the K-1 for the MLP in question.  Scroll down to 'Section A', which is the Passive Activity Adjustment.  Column 'a' shows you any passive gain/loss from 2019.  Column 'b' shows the carryover from prior years.  Column 'c' is going to show any values that are 'allowed' this year.  So if you had $1000 in Ordinary Gain, you'd see that $1000 'allowed'.  And you'd see ($1000) in losses, on other lines of the form, that offset it.  The important line is the Total at the bottom.  For a partial sale, the total should be >= $0.  Only in a complete disposition is that line allowed to be <$0.

 

So if you used all your suspended losses, but are still reporting a total $>0, you should be fine.  But if its <$0, make sure you didn't accidentally tell TT that you did a complete disposition.

**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!