No. there is no election to defer the allowable passive loss deduction as calculated on Form 8582. however, you could have a Net Operating Loss (NOL). Turbotax has no provision to compute this. Thus some of your PAL loss could become an NOL carryforward.
to determine if you have an NOL use:
form 1045 schedule A
orhttps://www.irs.gov/pub/irs-pdf/f1045.pdf
or the worksheet in PUB 536 page 12
https://www.irs.gov/pub/irs-pdf/p536.pdf
