TaxGuyBill
Level 15

Hmmm, I think my original thought process was messed up (I may have been thinking thinking a loss in Box 1).   I shouldn't be answering questions when I'm tired.  🙂

It had $90.1 of INCOME, so that should stay on the K-1.  You still need to report the full amount of income.

But then you have $64 in Basis left.  That $64 would would be PYA, and the rest carried over.

Does sound more logical?  😁