Je9
Level 3

sorry for a follow up but I still don't think this is working correctly.  In my example above, the taxpayer has a $2,500 passive loss that is NOT allowed for 2023 but will need to carry forward.  When I enter the ($2,500) onto 20Z under ordinary bus inc/(loss) it is still flowing through to form 8995A and decreasing the QBI income for the year (client has positive from another business).  I thought that if the passive loss was disallowed, it didn't affect QBI for the current year but would be carried forward to a future year, when the passive loss was actually recognized.  Is that not correct?

 

If it is correct, is there some checkbox I need to check to have it carry forward instead of deducting?

0 Cheers