I have figured out why it didn't work. It is a KVM issue. My kernel did not have CONFIG_KVM_SMM enabled. Once I enabled it, it works as expected.
Unless you think this is still a bug because SMM is not available, please close this. Wakko Warner wrote: > After a bit of trying to downgrade my sid to bookworm, it's state is not > working on the test box. The test box is currently broken but qemu > launches. > > Current qemu version is 9.2.0+ds-3~bpo12+2 and that's what was used for the > test as described below. > > I was wondering if it might be a kernel issue so using NFS I exported all > the mountpoints I needed to beable to chroot into and launch qemu. > > The testbox is running vanilla kernel 6.8.2 (not the one in debian). > > I mounted the testbox to a box running kernel 5.10.38 and it worked as > expected. Tried another box with kernel 5.15.14 and it also works. > > When I tried a box that is on 6.8.2 (different config than the textbox) it > again didn't work. I believe the issue is the kernel. I'll have to upgrade > the testbox to see if that helps or not. > > > Thank you for your assistance. -- Microsoft has beaten Volkswagen's world record. Volkswagen only created 22 million bugs.

