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Investors & landlords
Capital loss is reported on 1040 line 7. I know capital gain/loss shouldn't affect QBI, so not sure why it's deducting it.
Do you know how TT calculates UBIA? I understand QBI is based on the lower of 20% from Sch C or UBIA, but can't figure out how it's calculating UBIA.
March 26, 2025
7:00 AM