QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax purposes.

[Jaydub345]

QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax purposes.

I keep getting this…seems like I am doing everything correctly but it’s throwing a red flag here.  

I know the has been asked but Im yet to see a fix.

1299082 is my ticket number.

I am trying to move to TT from CPAs but I may not be able to.

[PatriciaV]

Your best option is to delete the QBI Loss Carryover shown on Line G (QBI column) of the Carryovers to 2024 Smart Worksheet that appears with the Smart Check message. The loss is also reported by year in another section of this form, so the information will be available next year if needed.

[Jaydub345]

Thanks for the response.

how can I be sure the loss shows up elsewhere?  Because it doesn’t let me dig into the forms.

when I do remove it where it shows the error, if I go back to where I originally put it in. It’s gone.   So how can I be sure?

at this point I’m just going to have to go get a cpa to handle my taxes if I can’t be sure.  I have a lot of carryover who losses.

[DianeW777]

It depends. lf you are using TurboTax Online you can review your forms line by line before you file.

You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready.

• Can I print a copy of my return in TurboTax Online before filing?

If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.

To enter a qualified business income (QBI) loss from last year you can use the steps shown below.

• TurboTax Desktop or TurboTax Online
  • Income and Expenses > Other Business Situations  > Net Operating Loss/QBI Carryforward Loss

@Jaydub345 

[Jaydub345]

Yes it’s a shame I have to pay first because I don’t want to pay until I’m comfortable that I’m not losing my carryover qbi losses

why is it doing this?  

Thanks for the steps.  I’ll look into that tonight.