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Qualifed Business Loss For Landlords
This is my first year using TurboTax and I am concerned I am not getting credit for my qualified business loss. I had a carryover loss of ($58,772) in which I manually entered on form 8995 since it is my first year using. I had a slight positive year on the rentals in 2019 of $5414 wouldn't this be offset by my losses in previous years? When I look on my 1040 it shows the full amount of income from the rental properties. But when I look on form 8995 it shows QBI of (0). Does anyone know what I am missing?
‎June 11, 2020
6:32 PM