How do you populate the "QBI wksht for previously disallowed losses, if present" on the QBI Deduction Smart Worksheet? What value is it looking for, nothing seems to work

[demirtas]

I am trying to e-file my taxes but this keeps coming up and can't pass it. 

"QBI wksht for previously disallowed losses, if present" on the QBI Deduction Smart Worksheet. There is nothing for me to put in there. 

 

[AliciaP1]

This is a known issue that was investigated.  The correction is set to be released on 04/08/2022.  If you are using one of the desktop versions of TurboTax you will need to update your software to apply it.  To do this you can follow these steps:

1. Open TurboTax
2. Click Online in the black menu bar at the top of the screen
3. Click Check for Updates and progress through the installation process

@demirtas

[Cverson]

I'm still having the problem as of this morning. Has the fix been deployed into the on-line version?  Thanks!

[JORMAN]

I am running into this issue as well on the website and its ...  April 8th, 2022.  So I am excited that there is a fix, but concerned that maybe it didn't work?   

[VH60]

I am using website version and the issue is still there. Has the fix been released or not? Or is Turbotax going to fix this issue? I have been waiting for this for two weeks. If the issue cannot be fixed next Monday, I will have to file by mail. I have been using Turbotax for years and feeling more and more disappointed as every year there is an issue here and there. If this issue cannot be fixed by next Monday, I will probably use H&R Block next year. A sad choice for me.

[mefranz66]

I am having this same issue.  I don't have TurboTax software and am justing using the website.  I always have.  Please advise how to proceed.

[DHKM]

I AM USING THE WEB VERSION AND AS OF 4/10/22 THIS ISSUE HAS NOT BEEN FIXED.  Do you have an estimated time or date when this glitch will be fixed?  Or what code we are supposed to use? 

[Cverson]

@AliciaP1 

Good morning, checking to see if the update is slated for the web version or if I should go ahead and paper file before the deadline next week.  Thanks!

[VH60]

Okay. Just want to update about this issue.

1) the software update seems not fixing this issue, unfortunately

2) However, I called the customer service and shared my screen with the agent and the agent fixed it for me. 

I have done e-filing.

[engp7836]

Could you share which part agent fixed? thanks

[47acre94]

@DavidS127  

1. I really thought it was cool that you could double click in a cell and TT will prompt for other information. I didn't realize this functionality and would like to know if there is an instructional guide for these types of advanced features. I never would have "discovered" this. 

2. I would like to ask what you meant by the bolded text quoted below, which looks like a search path. I do not see a "Federal" or "Income" button to follow this chain/sequence.   

"Check the section at Federal>>Income>>Other Business Situations>>Net Operating Loss/QBI Carryforward Loss to look for any entries related to a QBI Carryforward Loss."

3. Lastly I am looking into the "QBI carryforward" issue for some K-1's I receive from pass-through partnerships (PTPs), which I recall was a BIG DEAL last year.  I believe  I fixed the QBI "Carryover" tables (on page 7 of K-1 form) myself last year... but to make that work, I believe I had to alter my "disallowed" QBI passive losses (on page 8 of K-1 form), by entering the same values that I'm carrying forward.  Was that the right thing to do?  

[Cverson]

Are you using the on-line version or the desktop version? Thanks!

[Cverson]

@VH60 Checking on the fix you mentioned, are you using the on-line or desktop version? Thanks!

[47acre94]

Hi Cverson (and for all looking through this thread and waiting to see what happens),

I am using the desktop version of Home and Business. I will be sure to preface any future comments/questions with this. 

[csherer1]

I am continuing to get this same message.  I have spoke with 3 different TT specialist and they were not able to fix it; their only solution was to start over and not use TT to this.  This is ridiculous.   When is this fixed being implemented.