Thanks. Even though net losses and net income from different businesses can all be offset against each other in the same year, it's good to know QBI deductions can be applied only to the same business and carried over if necessary. However, your answer raises another question for me, as someone who has multiple K-1s. If "the software automatically tracks and carries over your QBI business losses to the next year’s tax return," why did it not identify the K-1 business to which two separate entries in this year's Turbotax Form 3800 worksheet applied? In a flagged error, it left that information in red for me to fill out with only the amounts and "passive" entered. I have no way of knowing which business's names to enter. Isn't Turbotax supposed to carry that information forward, too?
