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Investors & landlords
ok I have a weird one. I have QBI passive suspended loss"carryforward to 2019" from 2018 taxes of -26,311 (from a K-1). When I'm doing my 2019 taxes- the worksheet says carryforward to 2020- the same amount Ok no problem. But- when doing the review- I get this error--- Sch K-1 Wks-Partnerships (Lakshmi Venture Partners LLc): QBI PY Susp Loss should not have a value when no previously disallowed losses are present for regular tax purposes." I literally have no idea what this means and hence no idea how to fix. Please help?
‎October 27, 2020
9:10 AM