Took my 2018 1040 to my CPA to go over. CPA said loss ($2K) from Sch E Rental should NOT be counted with QBI, was hurting my situation, and explained why in detail. While I know how to manually remove the amount from QBI using forms, what question in the step-by-step process allows me to 'not count' the Sch E loss?
If I must use forms to remove the loss, which form is best to start with?
If it matters, I have two Sch C businesses (profits) and the Sch E loss.
While I see questions in the community about making sure to count Sch E profits in QBI, I see none addressing a Sch E loss.
Thanks!
