The total loss on your 2019 Schedule C should have been taken in in 2019 and not carried over, unless you did not materially participate in the business and the loss would be considered passive.
If this is not the case and you are using the CD/Download edition of TurboTax, you can change this by going into Forms Mode and making the change on the Schedule C.
- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click Schedule C [business name]. The form will appear on the right side of the screen.
- On the Schedule C, first check that the "material participation" box is marked on line G.
- Scroll down to the Carryovers to 2020 Smart Worksheet. If there is a number on Line B - Schedule C suspended loss, delete it.
- While you're in Forms Mode, you might also want to review Form 8995 - QBI deduction.
- To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.
@vgmarkman
