Get your taxes done using TurboTax

I was the one who originally started this thread.  Getting K-1 data entered correctly has been a major headache for a couple of years.  I still own ET, having bought it prior to 2020.  In earlier years, entering the Code Z information was problematic.  In 2019 and 2020, I was told to not enter code Z information as it did not affect my tax returns because the values were negative, and QBI only applied when the values were positive.  I followed that advice for those years.  I believe I entered this information correctly for tax year 2021.

 

Now in preparing my 2022 taxes, Turbotax is telling me that the QBI Passive Op Loss and the Form 4797 Long term loss numbers needs to be entered for 2019 and 2020.   It flags a total of six errors related to ET and the other K-1s associated with ET.

 

In reviewing the error, I see Turbotax is asking for the QBI Disallowed Passive Losses for previous years  2019 and 2020.  At the bottom of this screen Turbotax states "QBI (Section 199A) losses by year smart worksheet.  Supporting information provided by program.  No Entries are needed."  So I'm guessing because I didn't enter Code Z information for previous years, but did in 2021, that Turbotax thinks I missed something.  

 

What is the proper way to deal with this?  Go back into older versions of Turbotax and determine what these values should be?QBI.png