Thank you for your quick response!
I am still a bit confused as it relates to the K1 section of TT. You state: In the K-1 portion, enter the Ord Income, and then 0 for sales and the inverse of the Ord Income (so if Ord Income is 100, enter -100 for Basis). I am guessing this is under "enter Sale Information". The entries that I can enter for Regular Gain or Loss are: Sales Price, Selling Expense, Partnership Basis, Ordinary Gain, and 1250 Gain. Is it the Partnership Basis and Ordinary Gain, which you are speaking of where one say, 100 and the other is -100?
The K1 has the amount under Part III, box 20AB (aka Section 751 gain / loss) as in 'Gain Subject to Recapture as Ordinary Income' (as seen on the 2021 sales statement)
So to adjust the cost for the purchase, I will need 'over-write' what was imported from my brokerage account?
