I’m a delivery driver, and while doing my taxes I came to this page that asks for a QBI At Risk Op Loss. I’m just not sure exactly what that is, or what number I should put in..
It says “Schedule C: QBI At Risk Op Loss should not be greater than the total loss ($-2620).
Do I go to a certain section to find it? The “At-risk losses” section has a number for “Total Loss in 2021” but it is larger than the -2620.. I’m lost.
Any help is appreciated.
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The basis for the QBI deduction (although you are at a loss so it doesn't really apply this year but it's calculated for the future) generally is the same as the profit or loss for the year. Enter a Negative 2620. Either -2620 or (2620).
Okay, Thank you so much! 🙂
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