Turbotax is supposed to keep track of those suspended losses but will do nothing if losses are in excess of basis. the easiest thing to do is to review the carryovers Turbotax computes each year and then check that the same numbers are transferred to next year's return. not much work if you have only a few MLPs. but be wary. there are some MLPs out there that all they do is invest in other MLPs sometimes 50 or more. that means you need to enter 50 k-1s. had one taxpayer make that mistake and was very unhappy when they got the tax prep bill. (professional prep using Lacerte)
