For my 2023 return, I'm entering the information from the K-1 and K-3 I just got from an LP. (The documents were due in March, but they were late.) I have carryover passive QBI losses from 2020-2022 for this LP, and for those years, TT asks, "did you have any activities on your return that were classified as SSTBs or had income attributable to SSTBs?" I don't know how to answer this question.
This is the first year I've done my own taxes. In 2020-2022, my CPA did them. Searching my tax returns for those years yields no hits for "SSTB", but the LP's K-1 for each year has "X - SSTB" under Code Z in Box 20. Each year it's a loss, however. Does that constitute an SSTB activity on my return?
Adding to my confusion is that this page says, "The SSTB label is irrelevant if your 2023 total taxable income is... $364,200 if you're filing jointly or less." In the interview question immediately prior to the one about SSTB income, I told TT that I wouldn't have that much income.
Can someone clarify how I should answer this question?
Thanks.
