hate to say this but the turbotax 7203 is not working
here are two other things
1) if you have distributions in excess of basis the capital gain does not flow to form 8949/schedule D manual entry is required
2) if you have losses in excess of your tax basis Turbo tax will allow them if material participation is checked on the k-1. it should not be allowed. the only way you can limit the allowed loss is by completing form 6198 and checking the box some investment is not at risk. this is even though the 7203 reports the loss on line 35 column E (suppose to be a carryover but if you check page 2 of Schedule E you will see the loss allowed)
