3044846
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What is a QBI Passive Op Loss? How do I know if I have one?

My return is asking for a Schedule C (Bookkeeping) QBI Passive Op Loss to be entered. I have no idea what that is or how to determine it.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AliciaP1
Expert Alumni

What is a QBI Passive Op Loss? How do I know if I have one?

If you have had QBI losses (business losses from QBI deductible income) in the past, it will carry over until you are reporting net income instead of loss.  The amount is used in determining your total QBI for the QBI deduction.  You can find the amount of any loss carryover from line 16 or 17 of Form 8995 in your 2021 tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question