JoeSchmoe1
Returning Member

Use NOL or QBI for MTM with TTS loss carryover?


Has been MTM with TTS for about 20 years, trading securities for one self only is the only business as of 2020.

Say in 2021, form 4797 Part II, there is a loss. When filing for 2022, do one use NOL or QBI to carryover the loss from 2021?