Passive losses are suspended until the MLP generates income that allows for their release. TT will track the suspended losses, and release them as appropriate depending on whether you have a partial or complete sale.
Note that there is a lot of confusion about how to actually enter a MLP sale into TT and juggling the K-1 vs the 1099-B. This thread addresses that: https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
