@nexchap
nexchap - thank you so much for all the great work and guidance on this very difficult topic for many of us.
My question is related to a question in the K1 interview section for a complete disposition of MLP shares.
I did a complete disposition on about a half dozen MLP's in 2020 that were purchased in 2019. Most of them has 2019 losses that were suspended.
There is a section that asks "Any Qualified Business Income (QBI) Carryovers?" It then asks you to enter any QBI passive losses or at-risk carryovers as follows:
QBI suspended loss - passive
Form 4797 short term suspended loss - passive
Form 4797 long term suspended loss - passive
QBI suspended loss - at risk
Form 4797 short term suspended loss - at risk
Fork 4797 long term suspended loss - at risk
In some cases TT seems to be populating this on its own and in some cases it is blank (not populating). In one case I know there was a 2019 passive loss suspended that did not populate the QBI suspended loss - passive in this section.
Can you offer any insight or help on this. Should this section of the interview populate automatically by TT with the suspended losses and if not does that mean the loss cannot be claimed in this section?
Thanks so much.
PSmith1260
