where can I see QBI worksheet for rental property

Forum|Forum|6 years ago
June 18, 2020
2 replies
12 views

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?

ProConnect Tax Online

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Best answer by itonewbie

That is the correct tax treatment.

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

S

skyworksAuthor

Level 5

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

itonewbieAnswer

Level 15

That is the correct tax treatment.

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

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