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You have answered no to "Is this activity a qualified trade or business under section 199A?" so it is not counting 2021 as Qualified Business Income nor does it allow the carryforward because of this.
To correct this entry in TurboTax Online please follow these steps:
If the answers to these questions are correct as is, then your business situation has changed and no longer qualifies for the Qualified Business Income Deduction or Loss Carryforward.
It would be helpful to have a TurboTax ".tax2021" file that is experiencing this issue.
You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions:
Go to the black panel on the left side of your program and select Tax Tools.
We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.
Thanks. Your token number is: 931366
You have answered no to "Is this activity a qualified trade or business under section 199A?" so it is not counting 2021 as Qualified Business Income nor does it allow the carryforward because of this.
To correct this entry in TurboTax Online please follow these steps:
If the answers to these questions are correct as is, then your business situation has changed and no longer qualifies for the Qualified Business Income Deduction or Loss Carryforward.
I've corrected one of the answers. The Schedule now populates correctly. Thank you.
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