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Investors & landlords
My original question had an error as you pointed out - the data goes on Schedule E not Schedule C.
I am a professional Real Estate under IRS standards and have filed as such for over ten years. I have used Turbotax during that time without problem.
In 2017 I input the revenue and expense data into the Turbotax section for rental properties. The asset basis was there from previous years and Turbo tax added the depreciation expense. This data ends up on Schedule E with a loss on Line 22. This loss appeared on my Form 1040 on line 17 and reduced my income.
In 2018 the same entries produced a loss on Schedule E Line H1. This then was transfered to a Form "Qualified Business Income Deduction Summary". The loss appears on this Form but is followed by a calculation that ignores it and calculates income from REIT and the tax due on this income . It is this number that transfers to Line 9 on Form 1040.
There is no longer any benefit from the Business Loss?