The nonfarm optional method allows you to pay self-employment tax when you are not required to.
If you have $0 income, your self-employment tax would be $0 so using the non-farm optional method will not change anything.
I am confused by your post. You say Schedule K-1 line 1 is a loss and line 14 is $0, so I don't understand where the $500 is coming from as it doesn't seem to be reflected on your Schedule K-1.
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