@wpwiegand
A few comments:
- I am not in a Windows environment so don't have access to the software
- Having said that, the items reported on the K-1 you received need to pass through to the partners of your partnership with the same character; as you most likely understand.
- In order for an item to be reflected on the K-1 line 1(and also Sch K), is due to the fact that you input that amount as income / expense from the partnership trade or business. It does not belong there. You only have separately stated items to input.
- You need to reflect those expenses ($1,209) on Sch K line 20b only; and possibly Sch K line 13 Code AE.
- Review your methodology of input based on the above and you should resolve the issue.
*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.
