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- QBI loss CF to 2022 - where is the worksheet?
QBI loss CF to 2022 - where is the worksheet?
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Strongsilence-C
Level 10
05-04-2022
01:21 PM
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I have rental properties with QBI and some with QBI Losses. A net QBI loss will be carried forward to 2022. Is there a worksheet that shows the specific QBI loss for each rental that is carried forward to 2022? I don't see one. (I'll know this when I transfer the 1040 to 2022 later this year. That doesn't help me now.)
I'm doing a projection for 2022
Tax Planner has no input boxes for QBI losses in the Prior Year Unallowed PAL section. I could be missing it as I don't know the planner that well. (I don't like the planner software but that is a topic for another day.)
I think I need to understand how losses are calculated. My guess is that QBI income is allocated by a proportion of the QBI loss of a specific rental to the total QBI loss of all rentals.
LC could do this instead of me, so I'll add this to the improvements for next year.
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