The information for Box 20 Code AJ is relevant only if your net losses from all businesses are more than $305,000 ($610,000 if filing a joint return). If this doesn't apply to you, leave Box 20 Code AJ blank (or do not include this code).
However, the loss reported in Box 1 should be included on your return, even if the excess loss doesn't apply to you. You will need to enter a separate K-1 for Box 1 and Box 2, if both boxes report income or loss for the same investment.
If the excess business loss does apply to you, this information will allow you to figure any excess business loss limitation that may apply. See IRS Instructions for Form 461 - Limitations on Business Losses. TurboTax does not include Form 461, which must be attached to your tax return (print and mail).
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