I have a K-1 for an LLC where the property had been chronically underperforming for years. I was told prior to disposition that "the lender indicated that they would be pursuing foreclosure and placing the property into receivership. Since then, they have put a receiver in place and listed the asset for sale." The property has since been sold, with the sponsor reporting that "the foreclosure sale of the property has occurred. The property was sold for $4.56M, well below the loan amount of $6.3M, leaving no equity to be recaptured." The K-1 is marked final. There are figures included in boxes 9a and 10. In connection with disposition of partnership interest, TurboTax is indicating that I need to provide information regarding property disposition, specifically the sales price and basis. The sales price is obvious, other than if I put in the entire amount or my ratable share. Is the basis figure the outstanding loan amount? If not, then what do I use? Anything less than the sales amount will trigger tax liability. Or maybe I made an input error generating this request for information?