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Then I tried to get a mortgage. Boy was that an eye opener, because Turbo tax did not enter or even ask about section "L". return of capital. Due to the missing figures the bank will not consider the income from a partnership such as williams partners.

Either something got lost in the translation or the bank is BSing you. A return of capital doesn't show up on your return (until, as you noted, all your investment has been returned), but the distributions from the investment show up in your investment account.

If the bank is equating gross income stated on your tax return with total cash in, you probably shouldn't be dealing with them anyway. OTOH, if you've been understating your taxable income because of a taxable return of capital, don't blame TT, look in the mirror.

Phil
Rule Your Retirement Home Fool
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