Passive Losses (Form 8582) are claimed by the individual taxpayer as part of a personal tax return. Whatever income is reported to you on Schedule K-1 from the LLC can be offset by the passive losses you have remaining on your personal return.
You are correct that when you delete the rental properties from your TurboTax return, the passive loss information will no longer carry over. Instead, you'll enter this information separately under your investment. Be sure you retain good records for the passive loss carryovers on your personal tax return each year.
The easiest way to find the appropriate section of TurboTax is to go to Tax Tools >> Tools >> Topic Search. Type in "passive loss carryover", then click the topic in the list that applies and go directly to the start of that section.
Choose the type of K-1 you need to work on, then click "Edit" beside the actual K-1 you need to review. (Add a K-1 if you have not already entered this investment.)
On the page "Describe the Partnership," look for a question like "I have passive activity losses carried over from last year." Check the box and TurboTax will ask you to "Report Carryovers" later in the interview.
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