Non-passive Loss from Limited Partnership
I have a F1065 K-1 with Box 11 Code F Operating Expenses. This is a Trader Partnership (maybe a Hedge Fund?) which states this amount is deductible as expense on Sch E, Part II as a nonpassive loss.When I enter it as a negative amount (per K-1) it shows up on Sch E, Pg 2, in the nonpassive loss column, but as a negative loss. It winds up as income on the 1040. For kicks, I also tried entering it as a positive amount, and then it correctly shows as positive income on the Sch E, still reported as income on the 1040.Any thoughts on how I can get this to be a loss on Sch E instead of income?It looks like a programming error to me. Any ideas for a workaround solution? Thanks.