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where can I see QBI worksheet for rental property

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Level 4

Hi,

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?

 

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Highlighted
Level 15

That is the correct tax treatment.

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Still an AllStar

View solution in original post

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4 Replies 4
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Level 15

The computations are all on the Worksheets.

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Still an AllStar
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Level 15

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.

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Still an AllStar
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Level 4

I see that now, but seemed the QB loss were limited, could not deducted in 2019

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Highlighted
Level 15

That is the correct tax treatment.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

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