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Deductions & credits
Same thing is happening to me. Different loss carryover numbers, of course. But I too had a rental net profit, not a loss, for several years. So, when TT carries over this misinformation of a QBI loss, I would think it would falsely decrease my tax liability, (also therefore increasing my refund).
However, the crazy thing is when I override the line to reflect ZERO loss carryover, my refund goes up!
My tax liability should go up, refund down when I change data to show more let income.
This is very disturbing.
March 28, 2022
2:04 PM