TurboTax says K-1 passive losses should not be added to Form 8995 if there are no passive gains. Two accountants say this is wrong.

dbeemoney — Tue, 10 Mar 2026 05:22:42 GMT

I have a K-1 with Line 20, Code Z indicating a loss. This partnership is an LLC that invests in technology startups. I have other QBI from businesses I actively manage. TurboTax is not including the loss in the QBI Form 8995. Both accountants say it should be. Intuit tax experts say because its a passive loss and there's no passive income on the taxes to offset it, it shouldn't be on Form 8995. They referenced IRS documentation, but that documentation DOES NOT say that. The accountants say TurboTax has read something that isn't there.

Re: TurboTax says K-1 passive losses should not be added to Form 8995 if there are no passive gains. Two accountants say this is wrong.

Anonymous_ — Sat, 30 Jul 2022 14:37:18 GMT

topic TurboTax says K-1 passive losses should not be added to Form 8995 if there are no passive gains. Two accountants say this is wrong. in Get your taxes done using TurboTax

TurboTax says K-1 passive losses should not be added to Form 8995 if there are no passive gains. Two accountants say this is wrong.

Re: TurboTax says K-1 passive losses should not be added to Form 8995 if there are no passive gains. Two accountants say this is wrong.