Good morning, Community,

Clients came by last night to sign their completed returns with paperwork they had received just that morning about an inheritance disbursement. Two separate Beneficiary 7 K-1 Forms showing income in Line 5 and the same amount as a loss in Section 14. It seemed easy enough but on their Schedule 1, I now only see the income, not the loss. That new income, of course, changed the amount of the return. What am I missing with this form to get the corresponding loss to show? 

Also, interestingly, the firm handling the disbursement only provided the last 4 of their EIN number. Is that common? 

Thank you! Dawn.