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Bug in turbox tax for carryover worksheet in schedule E?

In my 2023 tax return, my regular tax and QBI carryover loss are both -20,257 from 2022. And some loss was taken in 2023, and the carryforward loss to 2024 is -13,645 for both regular tax and QBI.

When I started to work on my 2024 tax return, I asked it to read all info from my 2023 tax return like I always did. It seems the carryover loss is to -13,645 for regular tax, but  -20,257 for QBI. Not sure if it is a bug or by intention.

Now I got this error on the "disallowed passive loss by year and type" to fix, and not sure how I should fix it. I also don't understand why the disallowed passive loss of -13,645 is put under before 2018 rather than 2022

2023_carryover.png2023_carryforward.png2024_carryover.png2024.png

 

 

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1 Reply
mark847
Returning Member

Bug in turbox tax for carryover worksheet in schedule E?

I had a similar problem as you did.  It turned out that I did not file out Section D1 & D2 from a K-1 with the same information in my 2023 return, so it did not carry forward the correct total.  Assuming from a K-1, How did I fix it?  Goto the Step by Step, in the last category "Business Items",  and go thru every step by step.  There are three areas where the loss carryforwad shows up:

"Regular Tax Carryovers", Any QBI carryovers, QBI suspended loss (regular tax table & QBI deduction). So I entered the correct amounts in these three areas, and that fixed the problem.

Hope this helps.

 

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