Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- QBI Deduction Carryover
QBI Deduction Carryover
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Love2Cruise
Level 4
03-24-2020
10:33 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client had a Schedule E passive loss carry forward and QBI loss carryover, if I'm reading the 2018 tax return worksheets correctly. Again, prepared by a CPA, so the worksheets look like Word documents and are bit confusing. However, the QBI loss was entered on 1040 line 6 (total income) for 2018 and also listed on the 2019 Carryover worksheet. I've entered the passive loss carry forward but am not sure about entering the QBI as it seems like it would be taking the deduction twice. Am I correct in my thought process or should it be actually entered this way?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
Love2Cruise
Level 4
03-25-2020
08:04 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does anyone have some thoughts or input?
