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March 5, 2020

QBI Loss carryover from 2018 Rental Real Estate

  • March 5, 2020
  • 1 reply
  • 8 views

2018 Rental real estate loss.  QBI loss unallowed, carried over to 2019.  Rental property sold 2019. Has gain.  Freed unallowed passive losses but not QBI carryover.

Has QBI carryover from 2018 plus 2019.  Client will not have passive income in future years. What happens to QBI loss carryover

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    1 reply

    Intuit Community Champion
    March 5, 2020

    QBI carryover losses are deducted from any QBI on this years taxes.