Hi, I am a TurboTax employee (not sure why it's not showing on my name) and a tax expert.
Please note that the issue presented itself if you did an early transfer of your tax file. The "fix" only works if you re-import the tax file (then the information will transfer).
To find the numbers needed:
In your 2019 tax return (your copy, not what is sent to the IRS) there is a Schedule E Wks (Schedule C for business income). If you are looking at the form on screen you will scroll to the lower part of the worksheet/Schedule and see 2 "Smart Worksheets" that have the numbers you are looking for.
"Carryforward to 2020 Smart Worksheet" has 3 columns (Regular Tax, QBI, and Alternative Minimum Tax) and this is where you pick up the losses for the prior years
"Passive Limits" (all the way at the bottom) shows your operating losses for regular tax and QBI
If you are looking at a PDF or printed copy, these smart worksheets print as separate pages.
If your business or rental has operated at a profit for the last few years then you can enter "0" for these boxes.
The Qualified Business Income deduction requires that you take into account any prior losses before calculating the current year QBI deduction.
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