Every year I have problems with this. I have an at risk loss for my farm. As near as I can tell, I have no disallowed losses when I look at the Activity Summary Smart Worksheet for my Schedule F. The only lines that have any numbers are Line D - tentative profit(loss)and Line I net profit (loss) allowed. So do I put those numbers in as regular and QBI carryovers in the interview?
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In TurboTax Online, report the at-risk loss as follows:
I should say I'm using TT Deluxe, though that shouldn't make a difference. So , I am assuming I am going to pull my info from last year's Form 8995 line 16? That figure, though, is derived from adding lines 1i-1v, column c. There is another business reported on the form plus the farm business (which was unfortunately aggregated with a related to the farm). Which means the loss from the farm which is on Schedule F has been offset by the business its aggregated with and the other business reported which had a positive number for QBI. Confusing? Most definitely!
So back to my original question, which now has given you more information. How do I enter the information TT is looking for since by going to Form 8995 line 16, it doesn't give a clear picture of what the QBI carryover from Schedule F alone is. But, if it's all going to Form 8995, is that necessary other than the fact that I can't keep track of the Schedule F alone losses?
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