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Get your taxes done using TurboTax
for your information, it is possible to have a QBI passive loss carryover but not a passive loss carryover, they are two separate things
example passive loss from rental real estate $10K, QBI passive loss also $10K
adjusted gross income $140K
the passive loss for regular tax purposes is allowed but since the QBI is a loss, it doesn't just disappear but becomes a carryforward to offset QBI income in future years..
‎January 30, 2025
1:01 PM