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[Potential Bug] QBI Carryover Loss Not Populating Properly
Hi,
I am carrying over a 2020 passive activity loss from a partnership to 2021. Most of the guided screens automatically populated with the relevant information. The only one that didn't is the "QBI Deduction" section on the "Enter info about passive losses" screen so I filled it in manually. Nonetheless, during the Smart Check, TT complains about the information not having been filled in. Moreover, it allocates the entered 2020 loss to 2018 instead of 2020. See related screenshots below.
I assume this is a bug but was hoping someone could confirm / forward this to a moderator for review (@DoninGA?). I am using TurboTax Desktop 2021.
Thanks!
Topics:
March 5, 2022
11:00 AM