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Question

Schedule E QBI Loss, what is it?

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TurboTax Online

Alumni - Intuit

If you have a loss on rental properties or a pass through entity that qualifies as a trade or business, you will see the QBI Loss. If you have other profitable businesses (e.g., a side gig on Schedule C), the Schedule E loss is "netted" against those profits. This reduces your overall QBI income and, consequently, your 20% deduction for the current year. If your total QBI across all businesses is a net loss (less than zero), you cannot take a QBI deduction this year. Instead, the entire loss carries forward indefinitely to future tax years.

See Can I get the QBI deduction on rental income?

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