I had an amount on my K-1 in Box 5, and the exact amount , only negative, in Box 14H. Shouldn’t they cancel each other somewhere in the software?

[TaxGuyBill · Accepted solution]

Is this a K-1 from a Trust or Estate (Form 1041)?

If so, no, they would not cancel each other out.  Box 5 is subject to regular income taxes.  Box 14H just says it is not subject to the extra Net Investment Income Tax.