turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

leh1999
New Member

QBI Passive Op Loss limitation

TT won't let me proceed with filing because it keeps coming up with an error message saying my "QBI Passive Op Loss on one of my K-1s should not be greater than the total loss".  The number it is citing as the total loss is actually last year's ordinary business loss (which is carried forward).  So it is comparing my current year's Ordinary business loss to last year's ordinary business loss.  This year's loss is greater than last year's loss, but I'm not sure why it is considering last year's loss as the "total loss" nor do I understand why I can't file if this year's loss is greater than last year's loss. I'm not sure where to go from here.  

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

QBI Passive Op Loss limitation

Please check back later. I will page @Mike9241.

QBI Passive Op Loss limitation

contact sopprt because I'm not sure what you are doing.

 

Turbotax should automatically picks up the QBI loss carryover from the prior year if you used TurboTax. (It doesn't matter whether it's active or passive) 

in the current year in the QBI section you only enter current year QBI income/loss

 

if you need further help contact support. you can allow them to review your return to see what's causing the issue. we can't on this forum.

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies