Schedule E Worksheet

Forum|Forum|2 years ago
February 17, 2024
2 replies
17 views

When running the error check, it produced an issue to be resolved on my Schedule E Worksheet. It states "QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax purposes." and it wants me to eliminate the entry in the Carryovers to 2023 Smart Worksheet section for item G Schedule E suspended loss in the QBI column. This number relates to an Operating Loss from 2019 that has been an entry on this worksheet for at least the last two years. Why is it being flagged this year and what should I do to fix it as the entry looks correct?

astridwilson

Level 4

I'm having the same issue and cannot seem to get an answer. I've been on the phone with Turbo tax for 45 minutes and have not answer yet.

PatriciaV

Level 15

It would be helpful to have a TurboTax ".tax2023" file that is experiencing this issue.

You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, please follow these instructions:

In TurboTax Online, open your return, go to the panel on the left side of your program and select Tax Tools.

Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number and tag (@) the Expert requesting the token from you. Please include any States that are part of your return.

We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.

If you are using TurboTax for Desktop, go to Online in the top menu, then choose "Send Tax File to Agent." On a Mac computer, choose File >> Share.

@JohnOski

@astridwilson

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

userhazen

Level 2

Token Number is 1222039.

Same error as everyone else. QBI Passive loss c/f should not have a value when no previously disallowed losses are present for regular tax purposes. Let me know if you need any other information to clear up this problem. We have entered the information the same way we have for years.

SAVAGE CABBAGE

Level 2

I have this same issue did you ever resolve?

PatriciaV

Level 15

@SAVAGE CABBAGE Please follow the instructions above to obtain a token number for your return and post it the thread. Be sure to include any States that apply and tag @ the Expert requesting the token.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"