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QBI Carryovers: QBI suspended loss - passive

michelles17
Level 1

My situation is a 1040 return that has a K-1 (1065) loss generated in 2018. 

ProSeries is giving me an error on the QBI Carryovers section of the K-1 worksheet.  Proseries is telling me that QBI suspended loss - passive carryover to 2019 should not have a value when no previously disallowed losses are present for regular tax purposes. 

The client did indeed have a previously disallowed loss for regular tax purposes in 2018. I should be able to aggregate all the losses in this client's multiple 2019 K-1 QBI activities and apply the suspended passive carried forward loss from 2018.  Nothing is being carried to the 8995 for the losses.  What am I missing?

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15

I think you enter the QBI prior year loss carryover at the very bottom of the Federal Carryover Worksheet, that should put it where it goes.....oh wait, maybe thats not for 1065?

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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