MonikaK1
Expert Alumni

Business & farm

You indicated that you had K-1 box 10 (Net Section 1231 gain (loss)) of +6,383.  Entering a positive 6,383 in Box 10 should flow through a gain.

 

Your previous post doesn't indicate which box had -1,879. Boxes 8 and 9a allow for both gains and losses, so you would need to enter a negative number for a loss.

 

It would be correct for Line 32 to show a negative number IF Line 30 (gains) is zero and Line 31 (losses) is a negative number. Line 31 is the total of all of the loss columns. The description for Line 32 states "income or (loss)", which suggests that a loss will be a negative number.

 

I suggest you review your Schedule K-1 entries to be sure that the negative 1,879 and the positive 6,383 were entered in the correct entry fields.

 

See here for the IRS Partner instructions for Schedule K-1 (partnerships).

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