ProSeries does not have a Basis worksheet for the 1040 to limit losses to Basis.

You need to MANUALLY calculate the allowable loss and only enter those amounts on the K-1 worksheet.

You need to MANUALLY carry over the unallowed loss.  When it is allowed in future years, you will need to enter that as a SEPARATE K-1, called "PYA".

You need to MANUALLY create a Basis statement to attach to the tax return.