1065 K-1

[Mainestay]

I entered the info from a 1065 K-1 showing a negative number in Box 2, but it did not affect the calculation, and shows zero in the tabulation. 

[JulieS]

Please clarify your question. K-1 income shows on page 2 of Schedule E. What "tabulation" are you referring to?

[Mike9241 · Accepted solution]

line 2 is for rental activities and losses are generally passive. passive losses can only offset passive income. no passive loss is allowed if your adjusted gross income is over $150K ($75K if married filing separate). look at form 8582

[Mainestay]

Question answered, problem solved. 

Thanks.