DavidD66
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Probably not.  A QBI loss carryforward is not the same thing as a Net Operating Loss (NOL) carryforward.  The QBI loss carryforward reduces the amount of your QBI deduction in future years.  It is not a loss you can use to offset other income.  A business loss first offsets other income in the current year.  If you subtract your standard deduction or itemized deductions from your adjusted gross income (AGI) and you have a negative number, you have a NOL that you can carryforward.  You would have first carried it forward to 2022.  If you had other income that exceeded the amount of your business loss in 2021 you would not have an NOL.  For instance, if you had a business loss of $50,000 but you had W-2 income of $100,000 and you used the standard deduction, you would not have an NOL that you could carry forward.  

 

You do have to carry your 2021 QBI loss carryforward to 2023.  It won't reduce your taxable income, it will reduce or eliminate your 2023 QBI deduction.  

 

For more information, see Publication 536 (2023), Net Operating Losses (NOLs) and Qualified Business Income 

 

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