TurboTax automatically calculates any needed passive loss limitations and handles any resulting carryovers, so just enter the Schedule K-1 as received. Line D of Part I will tell TurboTax that it's a publicly-traded partnership, so this should prevent TurboTax from including Form 8582 in the filed tax return. Make sure to transfer in the previous year's TurboTax file when beginning a current-year tax return so that any carryovers transfer in.
