How do I confirm the amount of my QBI carryforward from previous years? I know this can be found on form 8995 but when I enter the number, it then asks me to give a yearly breakdown of where this carryforward amount came from. Where do I find that breakdown from previous years? Is it automatically carried forward?
You'll need to sign in or create an account to connect with an expert.
yes. it should automatically be carried forward by year. it would be in the QBI section of the form that reported the loss. however, if the QBI loss was from a rental activity that was disposed of then there is no longer the year by tear amount since that form is gone.
the total is on 8995 line 17 of the prior year in total - no detail
also on the carryforward worksheet has the QBI carryforward in total not by activity
Thank you for your response. However, if only the total that has been carried forward is there, how do i answer the request for a year by year breakdown? Or do I not fill that in?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ridenbaughn
New Member
laks
New Member
susanyearling
New Member
Meldoug221
New Member
farhanTT
New Member