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I have a 1065 PTP K-1 flowing into a 1040. Box 20AD shows a QBI PTP loss. Per 1.199A-3(c)(3)(ii), shouldn't the QBI loss be suspended until the ord inc is released?
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Yes. But the QBI loss, like the PTP loss, is suspended at the 1040 level, not the 1065 level.
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