How do I report on a K-1, Item 11 Code F detail for the 2016 gain on Qualified Small Business Stock eligible for partial gain exclusion under IRC 1202?

For TurboTax to automatically place this on Form 8582 Part I line 3a or 3b, the activity reported on the K-1 must be passive activity (you did not materially participate).

In the follow-up to the Box 11 code F entry, mark one or more of the first three checkboxes to indicate the type of income.

TurboTax will then ask you to apportion the code E amount among the types of income corresponding to the checkboxes that you marked.  If you indicate that it's a Capital gain (or loss) that is not portfolio income, you must indicate whether the gain is short-term or long-term.

The amounts that figure into the total on Form 8582 Part I line 4 also need to appear on the forms that correspond to the type of income being reported.  You may need to ask the partnership which type of income it is to be able to mark the correct checkboxes in the follow-up so that TurboTax automatically transfers the amounts to the correct forms.