Business & farm

This makes sense as you don't really have a disposition.

Not sure if your Line L is marked "tax basis", if it is great.  If not, hopefully you are maintaining this as your tax basis will carry over.

Your suspended losses would free up if this was a complete disposition, but since it is not, these will carry over to the new LP.  You will need to eliminate these from the "old" and input them in the "new".  I believe there are some options to "eliminate" the "old" K-1; choose other disposition.  Will ask for some details regarding disposition.  Just input some figures that reflects no gain or loss; proceeds equals basis.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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