Other deductions is not considered source income. If no income is listed on the K-1, then there is no need to file that information. However, if there is income listed that is a loss, that would need to be filed as that will create a passive loss carryover to be used in future returns.
Thanks for the question!
**Say “Thanks” by clicking the thumb icon in the post
**Mark the post that answers your questions by clicking on “Mark as Best Answer”
