Of course tracking this credit is important. But whether or not you enter it into TurboTax at all depends on how you treat it.
You could treat it as installment sale payments. Set your asset up as an owner-financed sale. That way you take the $1600 as monthly payments taxed as long term capital gains and the remainder of the monthly amount you would take in as regular income. You would enter an owner financed sale into TurboTax as disposition of the asset in question. That would let TurboTax track it for you.
However, if you just want to track it as a deferred credit then you would track it outside of TurboTax and only enter it into the balance sheet of your partnership return.
The installment sale allows you to not only track it but make sure to pay as little tax as possible on the amounts received as you receive them. The deferred credit route doesn't take the payments into income at all until the end of the contract. Installment sale is the better way to go if you are confident that the lessor is going to finish out the contract. Deferred credit is the better way to go if not.
@MaverickAl
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