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ssnlrtz
New Member

What do I enter for QBI Passive Operating Loss?

Why does Turbo Tax keep asking me to fill QBI passive operating loss but when I do, it doesn't allow the entry?
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2 Replies

What do I enter for QBI Passive Operating Loss?

You should be entering it as a negative number.

ThomasM125
Expert Alumni

What do I enter for QBI Passive Operating Loss?

A qualified business income (QBI) operating loss would be a business loss. If you are being asked to enter a QBI carryover loss, that would be the un-deducted loss on your QBI qualifying business or rental from the previous year. Otherwise, it would be your loss for the current year. It would pertain to a business or rental that qualifies for QBI treatment. 

 

A passive loss would come from a passive activity, typically a rental. You can look on your form 8582 from the previous year and subtract line 11 from line 9 to find your passive loss carryover to the current year. If the loss was from QBI qualifying property, that would be your QBI loss carryover.

 

You need to enter the loss carryover as a negative number, that may be why TurboTax is not allowing the entry.

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