Investors & landlords

@DLWit5 @jet-setter A couple things:

• The goal in the K-1 interview is to make sure that it doesn't calculate any Cap Gain/Loss in that section.  You know you've got this right on the screen AFTER the "Enter Sale Information" screen -- the one titled "Review Investment Gain or Loss on Sale".  If this shows "zero" everywhere:  success.  If it shows any gain or loss, TT is going to mess up your return, and it will create extra 8949 entries to report that gain/loss.  You don't want that.
• The method to do that:  setting Sales Price to equal Ord Gain, or entering the inverse of Ord Gain as basis, is personal preference.  The only argument for the latter is that it works for the AMT column as well.
• Once that's out of the way, all that remains is setting the basis to the right number on the 1099-B.  Since basis probably wasn't reported to the IRS, you can just change it without using codes or adjustments.
• @DLWit5 You mention having a negative basis before adjusting for Ord Gain.  That's a problem.  If you've held onto the investment so long that you're cumulative adjustments exceed your purchase price, you were supposed to change the way you handled the K-1 in the year that happened:  disbursements needed to be reported as LT Cap Gain, and losses were potentially lost rather than suspended.  The accounting is complicated, and TT doesn't handle it well, so if this is your situation you may want to review with a professional.