Investors & landlords
Yes. A QBI loss is generated when SCh E has a loss. You have an entry for QBI showing with no entry for Sch E loss showing.
Look at form 8582, page 2, part VII. You see a line item there. The first column shows name of activity and the second column shows form or schedule.
If you have first column, second column, last column:
- Rental, schedule E, unallowed loss - put that number in your Sch E regular tax carryover box
- Rental, Form 6251 (the AMT form), unallowed loss - that would be the AMT number to use.
- Rental, Form 8995, unallowed loss - that is the number for QBI carryover
You may not have any or all of these lines. You may not have any carryover. If you form is blank like the one shown here, there is nothing to enter. I suspect you at least have an entry for regular carryover and maybe QBI exists as well.
