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Nameless
Returning Member

Bug in 2024 K-1 QBI Losses by year smart worksheet or prior year data import?

2024 TT desktop Windows.

Initial problem is error "Sch K-1 Wks-Partnerships ... Passive Operating Loss must be entered." It's complaining about the entry for Operating loss for 2023. In prior years TT always filled in this section for me, so that seems a bit odd.  From the 2023 Passive loss carryforwards worksheet, it looks like this value should be 0 for 2023 (see the attached pic from TT 2023). However, 2024 TT shows a different amount for the operating loss in 2023. Strange. Possibly an error in importing the 2023 data? I believe the number shown (-123) should be the carryforward for 2024, not 2023, and the 2023 amount should be 0.  The worksheet is also missing values for 2024. The value -123 matches (Carryforward to 2025 minus the Carryovers to 2024) values in the QBI Carryovers table, so I believe it is the 2024 value. The above probably doesn't make sense w/o pictures so, I've attached the field getting the error and the passive loss carryforwards worksheets from 2023 and 2024.  Is there a way to fix the "smart" worksheets or can I just enter the proper values in the form that's getting the error and ignore the worksheets? Thanks.Form errorForm error

 

2023 Smart worksheet2023 Smart worksheet

 

2024SmartWorksheet.jpg

 

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1 Reply
Nameless
Returning Member

Bug in 2024 K-1 QBI Losses by year smart worksheet or prior year data import?

Looks like the worksheet has been fixed as of version 0317

NowFixed.jpg

 

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