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jentennis
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How do i remove carryover loss from taxes for closed business

I closed my sole proprietorship business in 2020 but noticed that turbotax is still including "Qualified business net (loss) carryforward from the prior year" How can I remove this from my taxes?
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How do i remove carryover loss from taxes for closed business

you shouldn't. under the tax laws even though the business was discontinued the QBI carryover stays with you until it's either used or you die.

 

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