Customer is trying to determine amount to put in the AT Risk Limitation Worksheet on the Ordinary Income for 2024. Customer has a 2023 a negative AGI. Customer did not have an AT Risk Limitation Worksheet or a 6198 form for 2023. There is a QBI Carry over in the amount of the K1 loss which is > AGI. Customer want to know how to apply the 2023 AGI loss to 2024? This is non passive loss that was reported on Schedule E for 2023 and again in 2024. The loss is showing on Schedule E 28i. Customer has attempted to add PYA on 2024 Schedule but is unsure of the amount and if it should equal prior year AGI. Customer did not have form 8582. Does customer need to have home and business and not premier to calculate loss correctly?
Please advise on how to carry over prior negative AGI loss to 2024 TY.
