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?

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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?

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.

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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?

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.