@Critter Should I continue to treat the loss as a NOL even though last year's losses were considered QBI losses from rental real estate?
Last year, I elected to treat all of my rental properties separately as a Qualified Business in which I materially participated. This year and in future years, I don't intend to elect the safe harbor for the QBI Deduction because I neither have earned income, nor do I wish to keep contemporaneous records for the 250 hours required to qualify.
Last year's losses on my rental properties are on showing on Line 6 of the Qualified Business Deduction Summary as: QBI loss carryover from Form 8895 line 16 is -$15,727. It is also showing the same amount on line 29 on the Federal Carryover Worksheet as a "Qualified business loss carryforward"
