rbynaker
Level 14
03-30-2022
01:34 PM
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Unresearched (so it's about as useful as something you read from a total stranger on the Internet . . . wait, this IS something you read on the Internet!) but what I recall of QBI CPE from what seems like a decade ago (but really is only a few years), the carryover QBI loss exists on its own. So I think it will be applied against future QBI.
How do you track that in software? <shrug> Probably the same way you track suspended losses from prior passive activities converted to personal use, or from S Corp losses suspended due to lack of basis. In other words, outside of the software.
Rick