On Schedule E for my rental property I had a significant loss on the property last year. How can I deduct that? TurboTax isn't making any change to my refund.

I think I set it up as QBI and not passive income, but it still does not affect my refund when I show a loss. Is this a problem with TurboTax, or is there some obscure check box I missed?

383

Level 15

Jan 13, 2023 7:06:46 AM

For the QBI deduction, check Form 8995. You could be running into the income limitation.

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On Schedule E for my rental property I had a significant loss on the property last year. How can I deduct that? TurboTax isn't making any change to my refund.