- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Just like NOLs and PALs (Passive Activity Losses), QBI losses can only be taken against QBI. It's neither an asset nor a liability. It is merely a reportable adjustment to income. In your case this year, it is not a favorable adjustment.
**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"
‎April 15, 2022
2:04 PM
4,456 Views