QBI (Qualified Business Income) is the net amount of qualified items of income, gain, deduction and loss from any qualified trade or business, including income from partnerships, S corporations, sole proprietorships, and certain trusts.
Previously disallowed QBI is the amount of the deduction that was disallowed in prior years due to things like total taxable income limitations.
Form 8995-A, the form used to calculate the Qualified Business Income Deduction, including the QBI that was disallowed in prior years and the current year which can be carried forward to future years, has not yet been approved for filing by the IRS. The expected date this will be approved by the IRS is 2/5/2020.
The state and federal governments approve the most common forms first and work their way down the list. Please see the links below for updates on form availability. Once released, Turbo Tax will work quickly to get it working in the program. Form 8995-A is near the bottom of the federal list.
Federal form availability
State form availability
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