6585
The following diagnostic is generating:
Partnership # {PrefixNum} : A negative basis was computed of $ {PshipDispoGainAmount} . Per Internal Revenue Code Section 731(a), the distributions that caused the negative basis amount is taxable as a capital gain. The program does not automatically compute this gain. Any gain required to be recognized must be entered into the disposition screen. Don't increase the basis for the amount of capital gain reported for the excess, since the program already limited the basis to zero.
Solution:
