This is the wording of the K-1 footnote:

"Section 1061 provides that all or a portion of the long-term capital gain reported on line 9a of your Schedule K-1 may need to be recharacterized as short-term capital gain to the extent that the gain is from assets held three year or less and is with respect to an applicable partnership interest.  The portion of the gain reported on line 9a that is from assets held three years or less and is associated with an applicable partnership interest is:  $58,433".

From this wording, I believe the partnership has made the determination that $58,433 must be treated as a short-term gain.  My question was how to report this on Intuit.  Please see my original message - do I just change the box 8 and 9a amounts?  Is there any disclosure needed of this change?

Thank you.