Investors & landlords

if you have QB Income then you can get a QBI deduction of up to 20%. if you have a business loss, you get a negative QB deduction of up to 20% but that can only be used to offset the QBI deduction generated by other activities. to the extent not used it becomes a carry forward.

look at form 8995

 

20Z goes nowhere as you are going through entering the K-1 data there will be further questions about QBI 

 

example extremely simplified

activity 1  business income $10,000  QBI deduction $2,000

activity 2 business loss $5000 QBI deduction offset -$1000

net QBI deduction $1,000

 

I suppose you can skip it completely but you cannot report QBI only for businesses with income and ignore businesses with a loss.  I doubt if you can skip the QBI reporting if there are net business losses because those unused QBI losses must be carried over to offset any future QBI income.