Question

Schedule E error not accepting passive loss

Forum|Forum|1 year ago
April 14, 2025
1 reply
0 views

I am on a Mac using Turbotax Home and Business version 2024.r25.036

The system will not accept the 2023 number for operating loss. It says "Sum of losses in individual years should not be greater than the total loss (-18076). If I enter -18076, I get an error. If I get -18075 I get an error. If I get -18077 I get an error. In short, numbers larger and smaller and equal to the number requested by Turbotax (-18076) all fail.

I noted that the numbers for some earlier years on Schedule E were blank so I went through all my Tax returns from 2018 to the present and entered those into Schedule E as well and I still get the same error.

The system will not let me e-file my taxes due to this "error" - which seems to be a Turbotax bug.
That means I need to incur printing and mailing costs to file by paper to meet the deadline. And my return will be processed 4-6 weeks later than if I had e-filed.

How can this be solved so I can e-file?

I am not going enter Zero or other incorrect numbers to make this work because it is a form of perjury to make misrepresentations on one's tax form. See 26 USC 7206.

Will Intuit be paying for our printing and mailing expenses when its software refuses (due to this Turbotax error) to e-file?

BTW, I have read all the threads related to the error where TurboTax does not accept the number in Schedule E for 2023 Operating Loss. None of the "solutions" mentioned in those threads work.

R

rapscallion83Author

I note that Intuit's interface says: "Questions are answered within a few hours on average."
That does not seem to be happening.

R

rapscallion83Author

Well, time has run out and Intuit has not solved this problem.
Please tell me how to get a reimbursement from Intuit for my printing and postage fees because the Schedule E bug in Turbotax - which Intuit has not corrected and would not provide tech support to solve - has prevented me from e-filing.

R

rapscallion83Author

I only changed the one in the leftmost column (Regular Tax). The other one didn't seem to be causing any problems. If you feel like the ones on the leftmost column are not correct, you can adjust them but the goal is that the individual items on the section "Disallowed Passive Losses by Year and Type" should add up to the same number in the QBI column on the Carryovers to 2024 Smart Worksheet (Line G).

I will keep an eye on this thread this evening in case you encounter any other issues or have additional questions.

For those who need to calculate QBI amounts of disallowed losses, my research indicates that if these are losses related to rental real estate, you need to back out mortgage interest paid in order to calculate the QBI amount.