Part I of Line 1c of Form 8582 in my 2024 return is showing total prior years unallowed losses of ($81,096) which does not seem correct as the total unallowed losses from my 2023 return (which was not in TT as my accountant did the return) is ($60,855) and that is the number I entered into TT under the QBI carryover losses and the number showing up in both the total column for QBI Deduction and QBI Losses.
.The difference between the ($81,096) and ($60,855) is ($20,241). Oddly enough the total 2023 short term capital loss from Schedule D is ($20,241). I did not add this in any place in the rental income section in Turbo tax as I understand Schedule D as it pertains to active losses does not apply to rental passive losses.
I am totally confused on first where the $81, 096 came from (as I never entered this) and then why the additional loss of $20,241 ties into my capital gain loss which I used in 2024 so it can’t carry over plus it doesn’t belong in this section of the return even if it could carry over.
I have gone over this section so many times and it’s very confusing! Please help.
thank you.
