QBI Passive loss error AGAIN

Forum|Forum|1 year ago
January 28, 2025
1 reply
2 views

When running the error check, I get an error that states "QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax purposes." This number relates to a Loss from 2018. I got the same error last year. If I eliminate the QBI number listed on schedule E worksheet row G in carryovers to 2024 smart worksheet, the error goes away. I was wondering if this will hurt me down the road. ??

astridwilsonAuthor

Level 4

if I put a -1 in the regular tax and ALT tax columns, the error goes away. How do i find what really should be in those cells?

astridwilsonAuthor

Level 4

In Turbo Tax 2022. The Carryovers to smart worksheet has passive losses listed for 2018-2021, however in 2023 when I first saw this error, there was nothing in that worksheet.

PatriciaV

Level 15

Please see the response in this thread from @ThomasM125, which provides a good explanation of the situation and the best option for moving forward with your return.
@astridwilson

To test this further, it would be helpful to have a TurboTax ".tax2024" file.

If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:

In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose File >> Share.)

Choose Send Tax File to Agent.
You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear.
Reply to this thread with your Token number and tag (@) the Expert requesting the token from you.
Please include any States that are part of your return - this is VERY important.

We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.

@astridwilson

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