you enter the k-1 in your 1040. With online Turbotax you'll probably need premier so the k-1 can be entered, Because a loss is showing on the K-1, the IRS is going to require you to complete form 7203 (computation of tax basis and allowable loss) and include it with your 1040. we have no idea of what your tax basis is if any. If you don't know, then consult a tax pro and bring all prior returns.
