Thanks for your summary of how to input PTP sales in TT. I have only two questions:
1. Entering either a cost basis change in Form 8949 Column E or as a gain adjustment in column G causes TT to throw an error check and disallows electronic submission. Math gives the same answer either way, but TT says that either way is an error. Is this the way it is supposed to be?? I don't remember this happening in prior years.
2. "Some other things. Look at lines 20AB. That number should be added to the ordinary income above for reporting the 199A (qualified business income from the PTP). You don’t have to enter this but then you lose out on a tax deduction = 20% of this amount." Not sure what this means. Yes, line 20AB on the K-1 is equal to the ordinary gain on the K-1 sales schedule. Where do I add this?? There is a QBI schedule included in TT showing historical QBI's. Any help appreciated.
