When receiving a K-1, the IRS is only concerned that this information gets passed through to the end recipient(s) and that there are no changes in characterization (ordinary vs capital, etc.).
As a result, you are able to do exactly what you want to do; items on the K-1 received just flow directly to the respective line on the K-1 you will be issuing.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
