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

Why is the Schedule F loss being suspended and not allowed; and not being claimed against Schedule C income

JeffCPA
Level 4

In 2017 and earlier years, my client had net positive income on Schedule C, and would have a net loss, negative income on Schedule F.  The negative loss on Schedule F would be applied against the positive income on Schedule C, to reduce the overall net income.    That is not happening this year.  Why is that.  When I look at the worksheets etc. for Schedule F, the loss is being suspended, but yet for QBI income purposes the loss is a negative number.    This is very odd.   What is going on here. 

0 Cheers

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

1 Solution

Accepted Solutions
sjrcpa
Level 15

Basis limitaion for Schedule ? At risk limitation? Passive activity?


Ex-AllStar

View solution in original post

0 Cheers
2 Comments 2
sjrcpa
Level 15

Basis limitaion for Schedule ? At risk limitation? Passive activity?


Ex-AllStar
0 Cheers
Marc-TaxMan
Level 8
My loss on 1040 F flows to Sched 1, line 18 as a loss.
Also, I think it's supposed to track for QBI, like a nol but only for QBI.
0 Cheers