abctax55
Level 15

@dnightin 

You can't...  It's not part of the partnership return.

The excess & the 'gain' is computed AT the shareholder level - on the F 1040.  A partner's basis may/or may not be the same as the capital account shown on the K-1.  Outside basis can/often does exist.

edit... and that gain (if there is one... depends...) is reported via the dispositions screen (F 8949/Sch D).  As I use Lacerte, I can't help with the PS specifics. 

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