You find a workaround that produces the desired output. Combine with another field, make an adjustment on a different K-1, anything that gets the right presentation. Then fiddle with basis to get that correct.
Sometimes the passive loss carryforward is affected, and I make a note to move the dollar between entities after the next year’s proforma.
There’s not a good solution here, but anything that produces an accurate tax return is tolerable.
This is my favorite question of the year! But then again, you would have to have a lot of minus ones on a tax return for it to make much of a difference tax wise 😀