My carryover problem is with the software. I have a large 2019 Section 179 carryover from a passive investment in a partnership that put a roof on a commercial building. I have no earned income in 2020. Form 4562 (D&A) recognizes that and shows the disallowed deduction in line 13. Section D1 (QBI) details the correct income and subsequently generates the correct QBI on the 1040. However, Sch E shows income for the partnership that generated the 179 deduction that has been reduced by the amount of the disallowed deduction. This lowered income is carried forward to the 1040. Has anyone figured out how to correct this situation?
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I'll bet you'll need forms view to correct this and hope you're using the installed software and not one of those online versions.
Thanks, but I'd think that Intuit/Turbo would make a change under the associated software since it should affect a small universe of clients/taxpayers. And yes, working off a downloaded copy. Do you know an effective method to send this change request to TurboTax?
You'll need to report a bug to TurboTax Support.
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