Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. See what's trending. Select your product for more information. Lacerte | ProConnect | ProSeries
    Created with Sketch. See what's trending. Select your product for more information. Lacerte | ProConnect | ProSeries
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    QBI Loss carryover from 2018 Rental Real Estate

    JLK
    Level 1
    ‎03-05-2020 12:59 PM

    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

    0 Cheers

    This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

    1 Comment 1
    Terry53029
    Level 14
    Level 14
    ‎03-05-2020 01:13 PM

    QBI carryover losses are deducted from any QBI on this years taxes.

    0 Cheers
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security