I have k-1 from PTP MLP. Ending capital account is negative which means i must report LT cap gains. how?

[mlpabc1980]

Thanks,

I just want to be sure .  Box 12 L is a negative number but this does not mean that all my activities are NOT at risk.  I should check the box in TT interview stating all my actitivites are at risk.

Box 21 on K-1 is not checked.  However, am still in unclear what this means..

[mlpabc1980]

Hi,

Ok.  Since box 21 is not checked on the K1 ,  are All activities are at risk ?  

[OldBear]

I have final K-1from PTP MLP. The 2022 Sales Worksheet are follows.

I received 2022 SALES WORKSHEET of Final Schedule K-1 of ENERGY TRANSFTER LP  as follows:

COL 1: UNITS SOLD      850

COL 2:  SALES DATE  11/7/2022

COL 3: SALES PROCEEDS:    $10,425  ( from 1099-B)

             COL 4                 COL 5              COL 6          COL 7                          COL 8

     AVERAGE PURCHASE     CUMULATIVE         AVERAGE       GAIN SUBJECT                       AMT

     PRICE/ INITIAL                ADJUSTMENTS       COST BASIS   TO RECAPTURE AS               GAIN/LOSS

     BASIC AMOUNT              TO BASIS                                         ORDINARY INCOME          ADJUSTMENT

                  8668                             -3083                     5585            4477                                     -16

                                                                                Form 8949         Form 4797                       Form 6261

                                                                                   Col E                 Part II in LINE 10               LINE 2K

  I use Turbotax Premier.  I click K-1 from Business items. Then fill out all information of K-1.  Ordinary gain did not show up. I can not key in  Ordinary Income /AMT Gain of Sale Worksheet to TT.   Is premier version not work for trading partnership?   Can CHAMP NextCHap help me out ?