Form 6251 is only for AMT (alternative minimum tax). There's nothing to do for that unless TT tells you that you need to file those forms.
On the Ordinary Gain for 4797, that will transfer from the K-1 interview when you fill in the 'Enter Sale Information' part of the K-1 interview. However, there's a bug in TT, so when you make these entries be sure that the following screen, titled 'Review Investment Gain or Loss on Sale', shows 'zero' for everything. Do this by:
1) Putting the Ord Gain into the appropriate boxes. You may have different values for 'Regular' and 'AMT'
2) Put the inverse of the Ord Gain in as 'Basis' (e.g., if Ord Gain is 10, its inverse is -10)
3) Use 0 for Sale Price.
This will get Form 4797 filled out correctly.
Note that when you're done with the K-1 you'll have to go to the 1099-B provided by your broker and make any needed modifications to the basis the broker reported.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
