Is there a reason why your investment expenses would not be included in partnership income?
Note also that Schedule K-1 codes were extensive revised for tax year 2023.
Schedule K-1 Line 1 is ordinary business income (loss), so if you had less income than expenses, you would see a negative number on this line.
Likewise, Line 14 reports self-employment earnings (loss). Again, this could be a negative number (and might be the same as Line 1 without any other reported income/expenses).
Line 20 is "Other Information" for the partner/member to report on an individual return. Generally, this information is either included in the income/loss amount or has no effect on the partnership return.
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