Business & farm

@asanyal 

 

You need to provide additional details concerning your K-1s because what you posted for the years thereof is confusing.

 

Particularly, you mentioned a 2018 K-1 with a loss and a 2019 K-1 with income with both, apparently, originating from an S corporation (1120-S) and then later indicated some sort of combination of the two figures. 

 

Note that the 2018 K-1 should have been entered into your 2018 individual income tax return; it appears as if you are now combining that K-1 with the 2019 K-1 which, of course, is not the correct procedure.

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