I appreciate the response, but I don't think entering the info from the K-1 alone will do it. My K-1 only reports a total number for section 1231 gain (in box 10). The proportion of the gain that is non-passive is provided in a footnote so there is no place to enter it in Turbotax. I have my doubts that Turbotax can handle this situation. The program seems to treat all the gain as non-passive so it is not computing net investment interest tax (NIIT). The passive part of the gain will be subject to the NIIT, and I am pretty sure I will owe some NIIT, but the program is not including the form 8960 to calculate the NIIT. I guess will have to get a CPA this year.
