Passive Losses Carryovers From Prior Years - Where to Find on Schedule E

[ck2112]

My CPA is too busy so I'm switching to TurboTax Home & Business.  I'm reviewing my 2022 1040 package  for the baseline info - it's a inch thick with several forms, worksheets, statements and comparisons.  

On what forms and line numbers do I find

• Regular Tax Carryovers
• Alternative Minimum Tax Carryovers
• QBI Carryovers

These numbers are needed for this screen:

[DianeW777]

Look for Form 8582 from your prior year return (2021).  This should have your accumulative carryover numbers for your current year tax return.  You should have one form for regular tax, and a second for alternative minimum tax (AMT) if you have any.

Review page 2 of your 2021 Form 8582 for the passive losses you have to carryover.

[ck2112]

Thank you so much for responding!

To be clear - is the Regular Tax Carryover and AMT Carryover going to be $5448?

The number is same on both versions of the 2021 form 8582.

Is the QBI Carryover number available on any lines in this worksheet?

[MonikaK1]

Based on the screenshot you posted, yes, you have identified the passive loss carryover for Schedule E. See this help article for more information on K-1 carryovers.

The QBI worksheet you posted may have the correct loss carryover for Schedule E. To find the complete QBI carryover information, look for Form 8995 or Form 8995-A. See this tax tips article for more information. 

If your total taxable income before the credit falls below $170,050 for single filers or $340,100 for joint filers, use Form 8995. If your income is over $170,050 for single filers or $340,100 for a married couple, use Form 8995-A. 

If one of your businesses has negative qualified business income, you have to net that loss against your other entities' positive qualified business income in this section. You'll then have to carry forward any remaining loss to next year's tax return.

[frumple]

If there is not an 8542 for alternative minimum tax?

Thanks

[MonikaK1]

Assuming you mean a separate Form 8582 marked "ALT MIN TAX KEEP FOR YOUR RECORDS" - see this thread for additional discussion.