DavidS127
Expert Alumni

Business & farm

Please check for updates to your TurboTax that resolve your "previously disallowed QBI losses" issue.  TurboTax updates since 3/10/2020 may have resolved your issue.  If you are using TurboTax Download/CD, use the menu at the top (Online>>Check for Updates).

 

Also, please note that the "separate K-1" portion of the message may relate to a circumstance that requires you to use a separate K-1.  For example, if you check the "active participation" box for box 2, rental real estate, the program assumes that all carryover amounts are active. If you have prior year losses to carry over to the current year that are NOT active, enter the carryover amounts on a separate Schedule K-1 worksheet.  Also, there should not be entries on any two boxes of K-1 boxes 1 through 3, and separate K-1's must be completed for rental activities reported on lines 2 or 3 where at least one of the rental activities is self-rented or land and there are also additional rental activities that are NOT self-rented or land.

 

@Kevin D1

@jd_329

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