@nexchap thanks for spelling out the gain calculation in greater detail, big help. The second method may be less intuitive but it's simpler to follow because it...

@nexchap thanks for your response. Out of curiosity, what is the difference between 1) altering the box 7a cost basis on the 1099-B worksheet, 2) leaving 7a alo...

Another question...the instructions on the TT form (K-1 Additional Information for Sale of Partnership Interest) say that if this is a disposition of a PTP or M...

My situation is a total disposition at a capital loss (and sadly with a hefty ordinary gain that is larger than the capital loss).Is it true that I can enter th...