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Investors & landlords
I'm still not clear on why I need to manually enter this "QBI Passive Op Loss" number? Say I had a -$5,000 loss in 2019 but then in 2020 I had income of $2,300... which doesn't erase my carry forward loss from 2019. Does this mean I would enter -$2,700 as my "loss" for 2020? Is this the QBI Passive Op Loss for 2020?
If so, why doesn't TurboTax already do this math?
March 28, 2021
10:08 PM