Understanding Syndicate taxation

[Ketan Parekh]

Hello! Fellow BPs

Over the last 4 years besides real estate investments , I have done a few investments in syndicates. As per the schedule quarterly I do receive the distributions and at the year end I do get the K1 which shows a loss. The distribution is stated in the K1 (19A). Now this is going to be my naïve question : how is that I get the distribution and the k1 is showing a loss and actually the loss gets into my 1040 and not the distribution amount. 

Any explanation or a link would be greatly appreciated. 

Thanks
Ketan