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Get your taxes done using TurboTax
First, what kind of non-passive loss do you have? What is the loss from?
Second, regarding material participation, it would be best to check the material participation tests beginning on page 5 of 2019 Publication 925, Passive Activity and At-Risk Rules.
Third, it depends, I recommend consulting the QBI Flow Chart on page 6 of 2019 Form 8995 Instructions for your specific situation.
For entering the details for Box 13W, in TurboTax, be sure to click the Nonpassive Deductions to be Reported on Schedule E, Page 2 box. You will be prompted to enter the Description and Amount. These details should be in your Schedule K-1. Then, click Continue and continue entering the Schedule K-1 details.
March 10, 2020
8:36 AM