Box 20 code AH is an informational box on the K-1. It will not adjust the income. Any Flexible Spending Account (FSA) contribution should already have reduced the distribution reported on the K-1. If it has not, then the adjustment should be made on the Partnership or S-Corp return to properly flow-through on the K-1.
The same is true on a W-2. The FSA contribution is typically listed in Box 12 or 14 as a notation, but the adjustment for wages is already part of the Box 1 data.
There isn't an entry area on TurboTax for FSA contributions because they are not deductible on the tax return. In order to reduce your income, that income adjustment must be reflected on the K-1 or W-2 by reducing the distribution amount or wage.
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