Does Tubro Tax correctly calculate tax from Schedule K-1 with more than one income type in box 1,2 and 3?

[Ancient_Taxpayer]

I have a Schedule K-1 from an energy company with a large loss in box 1 and a less than $20K gain in box 3.  I entered these as separate K-1 forms in Turbo Tax.  Although the overall outcome for the business is a large loss, recording these separately makes me pay tax on the gain in box 3.  As a result I think I am paying about $5K in taxes more than I should because I don't actually have a gain.

Am I mistaken that the gain in box 3 should be offset by the larger loss in box 1 resulting in an overall loss with no resulting tax payment?

Thanks!

[nexchap]

Unfortunately, losses in Box 1 can't be used to offset gains in Box 2 or 3.  Your box 1 loss will be suspended.  You'' get to use it on your taxes when you either sell the partnership, or have box 1 income.