K1 's

[eileenfinke]

With the K1's against the rental income we have a negative balance of  -166813.   Do I just put "0" on Schedule 1 line  5,  which then goes to 1040 line 8.   . Should I do the same with the NYS non resident form IT203 line 11 and 12?

[PatriciaV]

If your total income from Rental Real Estate and other passive entities is zero, your NYS non-resident return should not report any income from these sources. TurboTax will transfer this information automatically when you begin your state income tax return.