I grouped SchE rental properties into 3 entities group and did QBI elections for each. The net of Sch E is a loss.
(all of the properties were having losses, except one has net income)
I do not see the loss were taken to 1040 and being deducted.
I have overrided on rental property entry worksheet indicate that "Business is a qualified trade or business". Do I need to do anything else in order to have QB loss deducted?
I could not locate any QBI worksheet where I hope can see the calculation.
I remember I seen in 2018 return, is this changed?
Solved! Go to Solution.
Remember also that we now have F.8995/8995-A, which largely replace those worksheets from the prior year. The Worrksheets in PTO are only for some of the underlying computation.
Still an AllStar