flor073
Returning Member

Get your taxes done using TurboTax

@Mike9241 

I imported last years return, but it is not populating this info. It is asking me if I have any carryforward, which as i understand it, i do on form 8995, line 16, so i can plug that in, but my question is 1) do i carry over the last 2 years worth of QBI Loss and if so how do i do this? Do i add them together or do i use the oldest one first or what? and 2) if i still dont have business income for 2021, do i still carry it forward to use in 2022, for which year i know i have income? 

 

For clarification: turbo tax did create a form 8995 for me for 2019 and 2020 and i DO show a carryforward on line 16, my questions are the ones above on how i handle them. Please see the 2 separate questions above. Any help and clarification is appreciated. Thanks in advance!