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On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

 
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Accepted Solutions
ReginaM
Expert Alumni

On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

Yes, use Line 22 for your AMT and carryover.

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6 Replies
ReginaM
Expert Alumni

On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

Line 22 is used to determine your passive activity limitations and carryover to next year by preparing Form 8582.  

 

Line 21 is used to determine your At Risk limitations using Form 6198.

 

TurboTax will walk you through your Schedule E and will ask you a series of questions to determine your At Risk limitations and will compute your carryover allowed to next year.   

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On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

@ReginaM Thanks a bunch! So would line 22 also be a good value to put for AMT and QBI carryovers that TurboTax asks for?

ReginaM
Expert Alumni

On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

Yes, use Line 22 for your AMT and carryover.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

which line on schedule E corresponds to the Regular Tax Carry Over value?

JohnW222
Expert Alumni

On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

Use line 22, as well.

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On schedule E, do I use line 21 or line 22 for the regular tax carryovers? Which line corresponds to the AMT and QBI Carryovers?

I'm also trying to figure out my AMT and QBI carryover from last year. It does not specifically state the AMT and QBI carryover? What should i use? Why are you mentioning using the same value as the regular carry over? thanks so much

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