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Get your taxes done using TurboTax
I too have some QBI loss carryovers that weren't populating the correct amount. It seems, for me at least, it only carried over the 2019 amounts. So I just added the 2018 amounts to it. I'm wondering if it had to do with section 199a income on the K1 being changed from code 20AD (in 2018) to 20Z (in 2019 and 2020).
One question for @nexchap and the forum that pertains to QBI:
I have 1 MLP that breaks down section 199a income from box 20 code Z into the following: Ordinary Business Income (Loss), and Section 1231 Gain (Loss). The QBI numbers match what are in boxes 1 and 10 in part 3 of the k1.
However, I have 6 different MLPs that only show section 199A income, which matches box 1, and that's all it shows as far as QBI, even though, they all have section 1231 losses in box 10.
On the section of TT where it asks about 199a income from Statement A, should the section 1231 losses be considered even if they're not separately listed on the supplemental statement? I've asked Tax package support about this to no avail.