@easyxpress wrote:
From the code, it says: “A partner will NEVER recognize a LOSS on a current distribution”.
As @Anonymous indicated, you are conflating a loss with a distribution; they are separate and distinct. Both serve to reduce your basis in the partnership and you need to keep track of them outside of TurboTax (the program does not keep track of your basis).
Also, as @Anonymous mentioned, you really do need guidance from a tax professional. Please seek that guidance.
