@des779 The way to think about it is like this: you sold for $68k. Your cost (adjusted just for the -130k) is $32k. That's a profit of $36k. In a typical stock sale, that $36k would be a Cap Gain, getting preferential tax rates, and you'd be done. But the IRS doesn't treat PTPs that way. They recognize that some of that gain is being offset by Sched E losses (Sched E losses are taxed at 'ordinary' rates, not the preferential CG rates), so they go deeper and split the $36k: some of it must be taxed at 'ordinary' rates, and the remainder get's the preferential CG rates. In your case, $62k is going to get 'ordinary' treatment, leaving you with a Cap Loss of $26k.
As to the data entry, the $62k is probably split across ET, USAC, and SUN (you'll see one of the line 20 codes detailing the split -- you'll know which one because it adds to $62k) so you'd handle each one using its share.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
