- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
QBI Worksheet - Regular Tax vs QBI - what does it mean?
I'm trying to fill in the QBI worksheets to add in past years' at-risk business losses. These didn't transfer from past years' returns.
I'm confused by the federal carryover worksheet and the QBI Component worksheet for disallowed losses. I feel like Turbotax is adding the two together and effectively doubling my loss for this year but I don't know how/where to correct this.
I'm also unclear in the Step-by-Step on the At-Risk Carryovers as to the difference between the Regular Tax column and the QBI column -- where do I source this information? The instructions say nothing about Regular Tax carryovers --- what schedule would those come from and if I entered the same thing in that column as the QBI column, are those redundant/duplicative? Should I only be entering my loss numbers in one of those columns? (Maybe that's my error.)