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Schedule E passive loss carryovers QBI vs regular tax

In my TurboTax 2020 tax return, my schedule E has passive loss carryovers of -$2090 for both regular tax and QBI. However, when it populates the carryovers for 2021, the carryover loss is $0 for regular tax and -$2090 for QBI.

And TurboTax 2021 now tells me QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax

 

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3 Replies
PatriciaV
Employee Tax Expert

Schedule E passive loss carryovers QBI vs regular tax

In this case, enter the amount of Regular Tax Suspended Loss that should have carried over from 2020 in the Smart Worksheet presented by SmartCheck. (This is the box to the left of the QBI amount shown in red.)

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Schedule E passive loss carryovers QBI vs regular tax

Hello - this same issue is happening on my 2022 taxes.  However, the box isn't open under Regular Tax and so I cannot simply put the $ amount in that box.

ThomasM125
Expert Alumni

Schedule E passive loss carryovers QBI vs regular tax

You can enter your loss carryover from the previous year when you work through the rental information screens, on the screen that says Do any of these situations apply to the property? @fyrepheonyx12 

 

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