Yes, if you received Schedule K-1 marked "Final," you may report that the partnership dissolved. Review the partnership information under the Schedule K-1 topic and mark that the partnership ended. The program will then ask you how you disposed of the investment (disposition not via sale).
Now go to Investment Income >> Stocks, Cryptocurrency, etc. and report the partnership dissolution as a sale under "Other." Here you can enter a sale for zero dollars (your partnership interest was not sold; you received a distribution instead). Enter your calculation of historical cost basis, updated for the current K-1.
Unless the final K-1 brought your outside basis to zero, you will most likely have a loss, which is why you enter this under Investment Sales. If this is the case, consider the income you received during the time the partnership was operating as an offset to the loss at dissolution from a historical perspective.
Note that TurboTax does not track your partnership basis. Even if you entered the stepped-up basis during the K-1 interview, that number doesn't carry over to the investment sale.
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