the excess business loss limitation calculation is done on form 461. TURBOTAX DOES NOT DO THIS FORM.
see this thread because your loss is under the scope of the limitation
https://www.bakertilly.com/insights/excess-business-loss-limitation-effective-for-2021
BY THE WAY tURBOTAX DOES NOT USE MOST MAYBE EVEN ALL ITEMS IN BOX 20. IF THEY APPLY THEY USUALLY NEED TO BE ENTERE ELSEWHERE IN THE WORKSHEET LIKE THE QBI INFORMATION OR DON'T APPLY TO INDIVIDUALS LIKE UBIT
