Mike,
I really appreciate you taking time to answer my question. I've read the article that you shared, and believe that I can justify this investment is worthless. I could really use some specific TurboTax assistance on how to write this off so that the passive losses pass through. When I select "disposed of a portion of my partnership interest in 202x", do I then select "abandoned partnership interest"? Assuming this is the case, I enter the purchase date and "sale date". My cost basis is $5000, so on the next "enter sale information" screen, do I enter $0 for sales price, and $5,000 in the partnership basis fields? And since I don't expect that the K-1 will actually show anything different than in previous years, how do I force TurboTax to actually pass through the passive loss? Any specific guidance on how to navigate TurboTax to accomplish this would be greatly appreciated!
