@dpreas2017 In certain circumstances, TT will give you the wrong tax results if you enter the sale information on the K-1. You have to use the 1099-B from your broker to manage the cap gain/loss. Only use the sale worksheet on the K-1 to enter the Ordinary Gain.
Unfortunately, if you enter the Ord Gain on the sale worksheet, you have to make sure that entry doesn't create its own Cap Gain/Loss. So enter $0 for sales, and enter the inverse of the Ord Gain for basis (both 'Regular' and 'AMT', since the Ord Gain is different for both). This will result in the K-1 calculating $0 for Cap Gain/Loss.
As an example, if the Ord Gain is 100 'Regular' and 97 for AMT, you'd enter -100 and -97 on the basis line.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
