A loss on your publicly traded partnership should generate form 8582 in TurboTax and have this year's losses along with any prior year unallowed losses on it. Those losses will pile up until you sell your shares in the activity.
Thanks for the reply! However, I have tried many times to enter the data in the TurboTax “wizard”, but it still isn’t showing up on the return. TurboTax is not generating a form 8582, and line 27 of the return shows the carryover loss checkbox checked “No”.
Can you tell me how to navigate the wizard to get this data to show up correctly? Thanks again!
You can check this using Forms Mode in any version of TurboTax for Desktop.
If you're using TurboTax Online, you can print/preview the forms and worksheets in your return following these instructions: How do I print a copy of my TurboTax Online return before filing?