gryrps
Returning Member

Schedule K-1 (form 1065) - what's the difference between Regular Tax and QBI columns?

As a result of the federal smart check, TurboTax reported missing "QBI Passive Op Loss". On Schedule K-1 (Form 1065), in the section titled "Carryovers to 2020 Additional Info for Section 199A Deduction", under "Disallowed Passive Losses by Year and Type", the missing entry is for 2019 line "G Operating loss" in the QBI column. There is an entry in the Regular Tax column. I have my K-1s from the business for each year, but I don't know what amount to enter in the QBI column. What should be entered there and how is that amount different from the Regular Tax column?