k-1 passive loss

[10SCOCH]

What happens to passive losses on k-1's when a MLP is sold or is bought? Is there any way to account for that in Turbo Tax?

[nexchap]

Passive losses are suspended until the MLP generates income that allows for their release.  TT will track the suspended losses, and release them as appropriate depending on whether you have a partial or complete sale.

Note that there is a lot of confusion about how to actually enter a MLP sale into TT and juggling the K-1 vs the 1099-B.  This thread addresses that:  https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-i-report-the-sale...