I have a Partnership that received a K-1 from another pass thru entity. (Partnership). This K-1 shows 

a $45,000 loss.  The Capital account shows a loss of $100,000. I noticed on the software there isn't anywhere to enter the basis and the program is taking the loss against ordinary income. Because of the basis, being zero, I thought the partnership cannot take the loss. So what do i do? It also show a distribution on the K-1, so wouldn't the excess of his basis be taxable? How do I do this on Lacerte?

Thank you so much. I am at a loss......