TT Error: Passive Operating Loss must be entered

[PN1]

Received the following error on an MLP that was sold this year -

Sch K-1 Wks-Partnerships (Name of MLP): Passive Operating Loss must be entered.

The 2019 Worksheet where the error occurs is near the end of the K-1 under ‘QBI (Section 199A) Attributes by Year Smart Worksheet’. Within that under ‘Passive Limits – Prior Year Carryovers by Year and Category’ it breaks up the data into ‘Before 2018’ and ‘2018’.

However, in the ‘Before 2018’ data (in 2019 return) it is (mistakenly) showing the data from my 2018 tax return that is for both 2018 and prior years (TT automatically brought these over from my 2018 return). Then in the ‘2018’ data, the fields are blank (and that is where the error is indicated).

It looks like there is either a defect in the software here (now), or there was one that affected the transfer of data from last year’s return.

Anybody know anything about this?

[Anonymous]

for passive loss amounts it's irrelevant if they are before or after 2018.  

the only item that needs to be entered is the QBI loss for 2018, if any.  QBI did not exist before 2018 

you enter the QBI loss carryover (it doesn't transfer)  in the section labeled Qualified Business Income Carryover

under item B, 

[PN10]

Thanks @Anonymous 

I'm back after filing an amended 2018 tax return, WOW! In reviewing the QBI I found that I had omitted to designate my MLPs as a Section 199A business in 2018, and I had sold one! This isn't covered in the TT Interview questions. You need to go to the Forms view and enter it in the QBI section of the K-1.

It's funny, for my Rentals TT (Premier) covers the QBI deduction from the interview process, but not so for MLPs.