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September 27, 2023
Question

K1 Statement - QBI Passive Op Loss:

  • September 27, 2023
  • 1 reply
  • 12 views

As part of the Federal review of my return I am being asked to enter an amount for QBI Passive Op Loss within the forms for my K1 statement.    I don't see anything in my K1 statement about a QBI Passive Op Loss.  Can you please provide some guidance?

1 reply

September 27, 2023

Hi,

 

Here is another article regarding your question:

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/qbi-passive-op-loss-must-be-entered/00/1967326 

 

If there is no QBI passive operating loss on the K-1, you can certainly enter $0.

 

Thank you,

John

CPA