DianeW777
Expert Alumni

Investors & landlords

No  If you do not have any alternative minimum tax (AMT) carryover amount in your worksheets or forms from prior years then you should enter only amounts for the applicable boxes.  Qualified business income (QBI) carryovers may not be the same as regular tax loss carryovers. Likewise if you do not have a different AMT loss carryover, then you do not need to make an entry in that box.

 

TurboTax will have the amounts of carryover in your tax file from last year if you have any. If all you see is the passive loss carryover then you should enter that under 'Regular Tax Carryover'.

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