VictoriaD75
Employee Tax Expert

Get your taxes done using TurboTax

QBI was not available in tax year 2017. It was created under the Tax Cuts and Jobs Act beginning in tax year 2018.

 

To enter QBI carryovers on your return, follow these steps:

  • From the Federal menu, choose Income & Expenses
  • Expand the menu for Other Business Situations
  • Click Start/Revisit next to Net Operating Loss/QBI Carryforward Loss
  • Continue past the NOL screen and enter your QBI information on the screen that follows

If you used TurboTax in a prior year, this information should automatically carry to your current year return.

 

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