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I figured out how to get rid of my errors and get the cumulative QBI deductions to properly show up.
I had to go into the K-1s and determine what the QBI should be. I went into my old Turbotax programs for prior years and updated with the properly handled K-1s. The numbers were essentially the same as the operating loss.
When I got to the screen that asked about QBI carryovers, I entered the value I came up with. Then on the next screen, I had to fill in the boxes with the correct values for each year. These numbers in the boxes must total up to the total entered on the previous screen. I had to correct the QBI data for both ET and the ET reporting USAC.
Based on earlier comments, it sounds like if I hold ET long enough, my basis will go to zero and there will be a whole different set of issues. The accumulated capital loss is currently about 15% of the original basis, so it should be a number of years before this becomes an issue.
When I was trying to understand how the QBI worked, I saw a video on Youtube that said that you could avoid paying tax entirely if you held the stock long enough to become deceased. The stock would pass on to your heirs at a stepped up basis (based on the current tax code). I'm in my 60s, so that could become a possibility.
