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RickSke
Returning Member

On the QBI worksheet. It has a line for prior year loss and the Income Summary shows prior year loss, but it does not import to the QBI? Are there factors that zero that?

These do not answer my question about prior year losses on the QBI and why TT put that as a zero.

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Accepted Solutions
DDollar
Expert Alumni

On the QBI worksheet. It has a line for prior year loss and the Income Summary shows prior year loss, but it does not import to the QBI? Are there factors that zero that?

It is defaulting to zero, because QBI just started this year; therefore, there can be no prior loss component to the calculations.  Zero is correct for prior year loss on the QBI worksheet.

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1 Reply
DDollar
Expert Alumni

On the QBI worksheet. It has a line for prior year loss and the Income Summary shows prior year loss, but it does not import to the QBI? Are there factors that zero that?

It is defaulting to zero, because QBI just started this year; therefore, there can be no prior loss component to the calculations.  Zero is correct for prior year loss on the QBI worksheet.

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