DianeW777
Expert Alumni

Get your taxes done using TurboTax

No, there is no other way to use it.  Until your qualified business income (QBI) exceeds your QBI loss carryforward, you will experience this discrepancy. Since you are no longer in business you would continue to carry this forward on the chance you might begin a business again in the future. It's important to keep it on the tax records.

 

To include your QBID carryforward loss so that it is not lost you can use the steps below.

  • TurboTax CD/Download or TurboTax Online
    • Income and Expenses > Other Business Situations  > Net Operating Loss/QBI Carryforward Loss
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