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.
You'll need to sign in or create an account to connect with an expert.
Please check back later. I will page @Mike9241.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rsponaugle
New Member
RustyShackleford
Level 3
RKT12
New Member
rcgilleland1
New Member
CondoRentalOwner
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.