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Level 2
posted Mar 11, 2025 2:54:44 PM

how do I fix an error related to QBI passive loss?

I get the following error: "schedule E worksheet (related to rental property): QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax purposes". the Carryovers to 2024 smart worksheet is showing a negative entry on line G, QBI for "schedule E suspended loss" in the passive loss carryovers category. I do not know exactly where this number comes from or how I should correct it.

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1 Replies
Expert Alumni
Mar 13, 2025 6:32:29 PM

This experience has been reported and is under investigation. The workaround to resolve this is to remove/delete the amount from the QBI column on the Carryovers to 2024 Smart Worksheet. This edit will allow the worksheet to pass final review so you can file your federal return.

 

The amount of that carryforward is also recorded in the continuation of that table on the line for the year that generated the carryover. In future years, this carryover loss may be applied as allowed.