lakeken2020
Returning Member

Get your taxes done using TurboTax

@AliciaP1 On my prior year return, the passive activity losses carrying over checkbox was selected. On Form 8582 the loss was ($1,458), but $0 loss was allowed. QBI on 2020 return is $-1,503. On 'Check this entry' screen, Schedule C Direct Marketing QBI Passive operating loss'  it says, "QBI Passive Op Loss must be entered." The amount I inputted was $-1,458. Now TurboTax (Online) says to review and check my entry: Schedule C (Direct Marketing): Passive Operating Loss ...sum of losses in individual years should not be greater than the total loss ($-1458.). Where do I find or what is the 2021Passive Operating Loss? Thank you in advance for you help!