Get your taxes done using TurboTax

this seems to be a bug in Turbotax programming. From what I can tell that 2018 loss is only for QBI/199A  loss carryforward purposes not passive loss carryforward purposes.  I'm using a desktop version of Turbotax and in interview mode I could enter the 2022 PAL which came out correctly but there was no way to enter the QBI loss as 2022 so Turbotax plugged it into 2018. Under the tax laws the year of the passive loss doesn't really matter since they're aggregated by activity and then the activities are aggregated when determining what might be allowed (FORM 8582). However, under the tax laws QBI losses must be used on a FIFO basis.  in answer to your question, yes you can go into forms mode and fix the error.  From using TT for many years once corrected TT should c/f the loss using the correct year but can't guarantee it since I don't do the programming.   

 

 

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