According to the Tax Help within TurboTax, Box 12 Code G is not supported for Qualified Conservation Contributions or any other 100% charitable deduction. The program allows for up to 60% of income for cash contributions or 50% for non-cash contributions.
Your options are to use Code A for 60% Cash Contributions or Code C for 50% Noncash Contributions. (Note that code C is not fully implemented in the current version but should be in a later update.)
The contributions amount you enter from Schedule K-1 flows to Schedule A on your personal tax return. If you don't have enough other deductions to be over the standard deduction, how you report charitable contributions would have no effect on your taxable income.
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