you need a version of Turbotax that can handle partnership K-1. the free version will not. you are taxed on the income and deductions reported on the k-1 even if you got no cash. you enter the partnership k-1 items in Turbotax K-1. 11c is 1256 contracts the income will carry to form 6781 and from there to schedule D. you make do entry on 8949 for this item since Turbotax has handled it from you k-1 entries.
