K1 loss is not getting recorded it is showing as 0

[tbalanc]

I have 2 K1's with both showing a loss on Box 1 and 14 with code A.  When i hit the done button and go to the main page the 2 numbers are adding up to zero.  It should be -1K approximately.

When i change it to a +ve number the taxes go down and the summary page is accurate.  There is an issue i think or I am not entering the - sign correctly.

Regards, Bala

[Mike9241 · Accepted solution]

you must check the box all investment in partnership is at risk box if that's the case.

do you materially participate? If so that box must be checked. if you don't you are subject to the passive activity loss rules. With adjusted gross income over $150K the entire loss is suspended  - carried over to future years to be deductible in part or whole in a year when AGI is under $150K or you dispose of your interest in a fully taxable transaction.  see form 8582 

14a is only for computing self-employment tax that will be zero if the amounts in this box are also a loss should match line 1

[tbalanc]

Thx my AGI is greater than 150K.  that explains why it is not showing up.  Thank you for the quick response.  This item can be closed