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Get your taxes done using TurboTax
How is the carryforward computed? I'm using intuit software and on the 8995-A summary form it says I have 1,755 to carry forward to the 2020 (in the deductions tab for filing 2020 tax return) How is the 1755 derived? the only QBI that the program calculated for 2019 is $113 on QBI amount of 687 (the 20% amt of 137 was decreased due to higher w-2 salary).I did have rental income of 4875 for one rental and a loss of 2594 for another, but I am not sure how the program computed $1,755 carryforward. If you can help me understand where the $1,755 came from I'd be very grateful. Thanks in advance. valerie
‎April 10, 2020
3:36 PM