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QBI Passive Op Loss Must be entered
Hi,
We bought a vacation rental property in Dec 2019 and reported a loss. We have carryover loss of -722. For 2020, we have a much bigger loss. I entered all the information correctly for income, expenses, and assets. Now, I'm ready to file and I'm getting this error message. In looking at the form, it shows two columns for 2019 "Regular Tax" and "QBI." Turbotax already has -722 entered under Regular Tax so I guess it wants me to put a number under QBI, but I don't know what to put. Since it's next to 2019, I'm guessing it's a 2019 number, but if so, why didn't TT auto fill it from my data?
Thanks,
Marie
Topics:
‎February 21, 2021
8:48 PM