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Question

Qualified Business Income suspended passive loss

Forum|Forum|3 years ago
March 18, 2023
1 reply
0 views

I received a K1 (form 1041) from my uncle's estate. I filled everything out and my return was rejected on the Qualified Business Income Carryover section. Qualified business income carryover from 2021 has nothing in it and no options to enter. Qualified Business Income suspended passive loss I entered 0 and I'm guessing that's incorrect. What is supposed to be entered there?

In TurboTax, it's generally better to leave an entry blank than enter $0 there if it doesn't apply.

Since you had no previously disallowed QBI losses (no carryover from 2021), try deleting the 0.

Here's more info on QBI Passive Activity Loss.

stick0915Author

Thanks for the reply!!

Just tried that and e-filed so we shall see what happens.