Thank you for your response.
Given the information you provided, you would enter your share (99%) of the partnership income and also your share (99%) of the partnership expenses. Since the expenses are greater than the income, you would have to enter zero for the rental income, as one is not allowed to enter a negative number for rental income for the Means Test.
Assuming that these amounts (99%) are what is entered on your Schedule K-1, then the answer to your question is #3 - the income and expenses listed on your Schedule K-1.
I think this is what you wanted to know. If not, please let me know.
Your gross income from your business is zero. The rents received are the business "receipts", not the business income. (Gross income is what you receive personally from the business, before deducting income tax.)
So - yes, there should no gross income listed on the Statement of Financial Affairs (SOFA).
And no - you should not put a negative amount on the SOFA.
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