TT should do that automatically for you, assuming you used it in prior years so its aware of the suspended losses. In forms mode, look at "Section A" of the K-1 for your MLP. Column B will show the prior suspended losses and Column C will show you how much of that is being used this year.
If you didn't use TT in prior years, part of the interview process asks you about prior year losses. You can enter whatever you've calculated as suspended, and then TT will automatically allow the appropriate credits.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
