TurboTax does not support all of the forms required if you are invested in a Qualified Electing Fund or Passive Foreign Investment Company
Turbotax only supports part II of K-3 while the QEF/PFIC reporting is in part VII. in addition you may be required to file form 8621,5471,8858 or other forms
If you are required to file some of these forms or report your investment in a PFIC, there can be substantial penalties for failure to do so. the partnership should have furnished instructions for your filing requirements
the partnership should have provided instructions for reporting line 11. it should have a subline line like 11(a). 11(b) etc.
this needs to be entered on the Turbotax sub schedule but there is no item "1293"
it's crucial to get the classification correct. since net investment income above a certain limit is subject to a net investment tax form 8960
