Schedule k1 partnership business and rental real estate

[gogolak65]

I have a K-1 and It shows ordinary income (loss) of -232. Do I need to claim this?

[MichaelL1]

IRS requires you to report all income on the tax return.  

If you have a K-1 with a loss, your return will not be accurate, however, they will not come after you and require you to report it.