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QBI Deduction of 20% and passive loss from rental property
Hello Dear Community - I have a rental house. It has a passive loss for 2023. In TT - it tells me that I qualify for a QBI deduction of 20%. Question: how can I have a deduction if 1) it is a loss and 2) will this deduction carry over to the future when I have passive income? Appreciate it.
‎February 18, 2024
2:33 PM