JLK
Level 1
03-05-2020
12:59 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
2018 Rental real estate loss. QBI loss unallowed, carried over to 2019. Rental property sold 2019. Has gain. Freed unallowed passive losses but not QBI carryover.
Has QBI carryover from 2018 plus 2019. Client will not have passive income in future years. What happens to QBI loss carryover
Level 15
03-05-2020
01:13 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
QBI carryover losses are deducted from any QBI on this years taxes.