Hi AliciaP1,
Thank you for answering my questions in a sequential manner.
I have only one follow-up question related to #2. When entering the Unallocated Expenses (-2500) as "XXX has other deductions", the software is asking me a question that this is an uncommon adjustment, so Value(s) on Statement A need to be changed, which now reads as - Other deductions related to QBI = +2500.
a. Shall I choose this autocorrected option and move
on?
b. Since all my losses are negative, including the unallocated expenses is negative, does this affect my return in any way? I was thinking there shouldn't be any effect as I am reporting only losses and no gains.
Please answer at your earliest convenience. Thanks
