I have a situation with a number of ptps. One threw off income in excess of its own carryforward loss. The other ptps (or mlps if you prefer) had a loss in excess of the income. Turbotax didn't net the losses from those ptps against the one that had incom

[nexchap]

Unfortunately, TT is handling it correctly.  The rules on PTPs are pretty restrictive when it comes to recognizing losses.  Basically, the suspended losses on a PTP can only be used when a) you have a complete disposition of the PTP or b) have taxable income from the same PTP.  So suspended losses for PTP xxx can not be used to offset taxable income from PTP yyy unless you sell all your xxx holdings.