@EleK "Enter 0 for sales, Enter 0 for basis" is not allowed in your case. You have Ordinary Income. If you enter 0 for sales and basis, and look closely at your return, you'll see TT is creating a brand new 1099-B, code C or F, for a big capital loss offsetting your Ordinary Income. That's incorrect.
Overall, when working with TT and K-1s, its important to know what to expect to see on your return, and then to verify that its there and that TT hasn't introduced anything extra.
AMT is on form 6251, but it only affects tax payers with high incomes. If that form isn't appearing in your return TT doesn't think you're impacted.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
