If you have a loss for the current year for the boat, and all of your investment is not at risk in that venture, then the loss entered would not be deductible in the current year. So, entering it in the schedule K-1 area would not affect your income tax liability for the current year.
Your loss carryover from the previous year on form 8582 would be your current year loss (2018 in this case), (Part one, line 4) minus the amount deductible in the current year (Part IV, line 16.)
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