Qualifed Business Loss For Landlords

[vf4life]

This is my first year using TurboTax and I am concerned I am not getting credit for my qualified business loss.  I had a carryover loss of  ($58,772) in which I manually entered on form 8995 since it is my first year using.  I had a slight positive year on the rentals in 2019 of $5414 wouldn't this be offset by my losses in previous years?  When I look on my 1040 it shows the full amount of income from the rental properties.  But when I look on form 8995 it shows QBI of (0).  Does anyone know what I am missing?

[DavidS127]

If you had suspended passive losses from 2018, in addition to entering the QBI loss carryforward for Form 8995 purposes, you will need to enter your prior year unallowed losses for Form 8582 purposes.  When you do this, the prior year unallowed losses will offset your 2019 rental income.

To enter your prior year unallowed passive losses, go back through the Schedule E entry section of TurboTax (Rental Properties and Royalties).  On the screen "Do Any of These Situations Apply to This Property" check the box for "I have passive activity real estate losses carried over from a prior year".  On the next screen you will get boxes to enter your prior year passive loss carryovers.