The loss shown on your K-1 and the loss from selling the LLC that generated the K-1 are two separate losses.
The loss on the K-1 is the operating loss for the year, up to the time you sold the LLC. When you enter that K-1 into TurboTax it reports correctly as a business operating loss for the year.
The loss on the sale of the LLC itself is a separate entry in TurboTax. During the entry of the K-1, you will get a question asking if you "disposed of a portion of my interest during 2019". When you select that box, TurboTax will walk you through the sale.
To get back to the K-1 to Edit it, click the "magnifying glass Search" icon, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to Edit the K-1 to indicate that you disposed of a portion of your interest.
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