QBI Suspended Loss Carryovers for Each of the Limited Partnership

Forum|Forum|2 months ago
April 22, 2026
2 replies
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I have a few LLC partnerships (Not MLP or PTP), some of which have income while others have loss. The QBI Deduction Summary line 8 from last year shows that I have a QBI loss carryover. This is the sum of both income and loss from all partnerships. TurboTax does not give me a QBI suspended loss for each individual partnership like it does for the passive unallowed loss in Form 8582. And yet it asks me to enter it manually (Any QBI suspended loss carryovers - pass and at-risk). I am not sure how to answer. To show what I mean, let's say Company A has a Net QBI $-6000, Company B $-10000, Company C $-1000, and Company D has $3000, so the QBI loss carryover is $-14000. How do I figure out the CORRECT carryover loss for Company A, B, and C? I could say Company A has $-6000, Company B $-8000, and Company C $0 or Company A has $-5000, Company B $-8000, and Company C $-1000, etc. Please advise.

Mike9241

Level 15

see instructions

https://www.irs.gov/pubhttps://www.irs.gov/pub/irs-pdf/i8995a.pdf/irs-pdf/i8995a.pdf

Schedule B for instructions for aggregation

If aggregated, there is likely only a single QBI number and 8995-A would be present in your 2024 return

if not aggregated, there would be Form 8995 in your 2024 return with

Schedule C for loss netting (proportional) -no aggregation

A -6

B -10

C-1

TOTAL -17

D +3 so A gets allocated 6/17 of the 3

B gets 10/17 of the 3

C gets 1/17 of the 3

Mike9241

user17768935175Author

Level 2

Hi Mike,

Thanks for the reply. So you are saying that the carryover loss for A, for example, would be 6 - (6/17)*3?

PatriciaV

Level 15

Each investment would receive a prorated share of the total reported on Form 8995.

In the example posted by Mike9241, investment A would be reported as 6/17 of the total (35.29% x the amount from Form 8995).

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PatriciaV

Level 15

The QBI Carryforward for Schedule K-1 is reported on the K-1 Partner worksheet in TurboTax (see step 4 below). This is a TurboTax worksheet and not an IRS form, so you'll need to print your entire return including all forms and worksheets in order to see the QBI Carryover section. See How do I get a PDF of my return?

You can also review this worksheet this using Forms Mode in TurboTax Desktop for last year.

Open your return and click the Forms icon in the TurboTax header.
In the list of Forms in My Return on the left, scroll down and look for K-1 Partner [name of investment].
Click the form name to open it in the large window.
Scroll down to page 7 (Section D2 Line L) to the table Qualified Business Income Carryovers. Line A is QBI Loss At-Risk and Line B is QBI Loss Passive.
Carryovers for the next year are in column 2 (when viewing a tax year 2024 return, the amounts to enter for 2025 are in this column as Carryforward to 2025.)
Also make note of the yearly breakdown starting on page 8, in case you need this information by year.
Click Step-by-Step in the header to return to the main screens.

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user17768935175Author

Level 2

Hi Patricia,

Thanks for the reply. I do see the Section D2 that you are referring to, but I believe that it is the section where Turbo Tax asked me to manually enter the carryover QBI loss for individual companies.