@poiuytrewq0987654321 thank you for the additional information. So in 2023 as you wrote, "the 2023 QBI Carryforward loss will likely be greater than my 2023 QBI income". So if this is the case the QBI deduction would be zero. Unless I am misreading this.
Also itemized deductions or the standard deduction are reflected on Line 12 of the 2022 1040 and QBI Deduction is on Line 13.
Ultimately you have to take the deduction if you have QBI income to offset. There is no way to not use it other than saying that it is not QBI. Lastly, as this was part of the Tax Jobs and Cuts Act of 2017, which may expire at the end of 2024, you want to use it as soon as you can.
All the best,
Marc T.
TurboTax Live Select Time Tax Expert
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