Thanks @Mike9241
I have Desktop version.
I checked carefully all K1 PTP which I have sold. It is NOT carrying forward anything to 2024. Regular income, AMT income section and QBI section of K1.
Now I looked at QBI Deduction Summary. It is below form 8995.
Line 13- Allowed REIT/PTP income -- $ -10000 (made up number)
Line 14 -Carry over from last year - $ -2000
Line 17 - Disallowed PTP loss - $-12000
Line 25 - Total QBI deduction -- 0
So I assume these losses have been used up and released as for K1 are concerned? All of these calculation for ZERO deduction.
Carry Over WorkSheet is only showing what was carried over to 2023. It is Not showing me what is being carried over to 2024?
