Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

where can I see QBI worksheet for rental property

skyworks
Level 5

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?

 

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
itonewbie
Level 15

That is the correct tax treatment.

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

View solution in original post

0 Cheers
4 Comments 4
itonewbie
Level 15

The computations are all on the Worksheets.

---------------------------------------------------------------------------------
Still an AllStar
itonewbie
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.

---------------------------------------------------------------------------------
Still an AllStar
skyworks
Level 5

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

0 Cheers
itonewbie
Level 15

That is the correct tax treatment.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers