- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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:
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 13, 2025
10:40 AM