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Level 2
posted Apr 7, 2022 5:50:28 PM

The program says that QBI Passive Op Loss m/b entered once i am doing the review. Shall i put 0? why the program asks me when all the info from the K form was already completed?

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1 Replies
Expert Alumni
Apr 11, 2022 5:57:06 PM

You can leave the QBI Passive Operating Loss blank if the amount is not filled in from your K-1 entries.

 

Per Expert @Irene2805:

 

"Information for calculating the Qualified Business Income (QBI) deduction should be included in a Statement A, attached to your K-1.  It is also included in Box 20 of a K-1 for a partnership with code Z.

 

If you don't have Statement A, the QBI Passive Op Loss is the figure listed on line 1 or line 2 (if real estate) of your K-1 if:

  • It is a negative number; and
  • The material and active participation boxes are not checked.

Otherwise, leave the answer field blank."