I have a similar situation. For tax purposes in the merger, PTP Business 1 was terminated, and PTP Business 2, which I also owned shares of, survived. However, within Turbo-Tax, I have suspended losses on the K-1 of Business 1 that are not carried over to the K-1 of Business 2, and they also do not show up on the original K-1 sent to me by Business 2. If I check "Disposition was not a sale," those losses simply remain on Section A of the Business 1 K-1 as suspended losses, but I need them to show up on the K-1 of Business 2. What is the proper (meaning legal) way to transfer those suspended losses over to Business 2?
