@VFitzgerald. It may be correct as is. As a way of background, both private limited partnerships and MLPs that are not taxed as a corporation are subject to the passive activity loss limitation rules. Accordingly, on their personal income tax returns, the limited partners are able to deduct their share of partnership losses only if they have passive gains from another investment to match against them. Investment income, such as interest or dividends from stocks or bonds, is not considered passive income, and losses from an MLP cannot be used to offset them. Thus, it could that the reason your negative income (assuming the negative income represents a loss) is not offsetting your dividend income is because that loss, which is passive, can only be used to offset passive income from another MLP or other type investment that produces passive income.
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