Oh!!! You are generating the K1 and know it is wrong. Yes, you would have income or loss in box 1 for an ordinary business, box 2 for rental. Clearly, you know there should be income there.
Take a look at your 1120S page 3 since that is what generates the K-1 information. In the program, you can do a right click and data source to help you move around and find where things are generated. Next step is to look through:
Instructions for Form 1120S
creating a K-1
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