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Get your taxes done using TurboTax
only with desktop because that has forms mode, and you would look at each k-1 in a section it will show QBI
prior and current year QBI loss carryover. the same is true for schedule c and the worksheets for other activities
one thing to do if you dispose of a PTP if there are QBI losses you can include as a separate income item in the QBI section for the current year any section 751 income (basically deprecition recapture - not all PTP's have this but in 2023 it wa reported on line 20AB
PTP QBI computations for those that are not SSTBs are a separate calculation from your schedule C.
‎October 9, 2024
1:01 PM