AmyC
Expert Alumni

Business & farm

 Two very different items:

1.Disallowed passive losses  For example,  a rental house lost money or you sold stocks at a loss. These losses carryforward to be used against passive income in the future.

2. QBI encompasses active income- things where you actively participate, business, k-1, real estate professional and can carryforward losses from prior years.

 

You state that you have a 2025 carryforward passive loss that shows a 2023 passive loss but your 2023 does not show a passive loss.

Figure out what you did:

  • Did you amend? 
  • Did you add your QBI carryover in as a passive loss carryover?
  • Determine what you added to the program and remove it - unless you amended.

Go back through your return and look for changes you made to carryovers, passive and active.

 

References:

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