The fundamental formula is
$$
(1+X)^\alpha = \sum_{k\geq0} \binom\alpha kX^k,
$$
valid as an identity of formal power series in$~X$ for all $\alpha$,
where by definition
$$
\binom\alpha k=\frac{\alpha(\alpha-1)\ldots(\alpha-k+1)}{k!}.
$$
The latter formula allows "negating the upper index":
$$
(-1)^k\binom{-\alpha}k=\binom{\alpha+k-1}k
$$
which is also valid for arbitrary$~\alpha$. This then allows the initial formula to be reformulated as
$$
\frac1{(1-X)^\alpha}=\sum_{k\geq0}(-1)^k\binom{-\alpha}kX^k
=\sum_{k\geq0}\binom{\alpha+k-1}kX^k.
$$
So that is the correct formula, not the one given in the question.
What you appear to have done is apply symmetry: $\binom{\alpha+k-1}k=\binom{\alpha+k-1}{\alpha-1}$. But that is only valid when the upper index is a nonnegative integer, which requires (if it is to hold for all $k\geq0$) that $\alpha$ be a positive integer. So you cannot apply it when $\alpha=\frac12$, as you did (indeed the resulting binomial coefficient is not even defined by the above definition).