@moleratcaptain TT doesn't do anything to help you track basis. When you sell in the taxable account you'll get information from the partnership to help with the basis calculation, and that's usually enough (though its an area where lots of people still need help). Note that if you ever let your basis drop below 0 the reporting requirements increase because distributions have to be reported and losses are disallowed. Overall, it takes time and effort (and potentially a CPA), so keep it in mind if you decide to keep PTPs in your portfolio.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
