Get your taxes done using TurboTax

To remove the loss that carried over from 2019, please follow these steps:

TurboTax Online

1. On the Wages & Income screen, scroll down to Other Business Situations.
2. Click the Start/Revisit box next to Net Operating Loss/QBI Carryforward Loss.
3. On the next screen, 2019 Net Operating Loss, remove any number in the Net Operating Loss Carryover box.
4. The next screen, 2019 Qualified Business Income Loss Carryovers, will allow you to remove any numbers for the QBI business loss carryforward.
5. Click Continue when done.

TurboTax Home & Business (CD/Download)

1. While in your return, click the Business tab.
2. In the Less Common Business Situations section, click the Start/Revisit box next to Net Operating Loss/QBI Carryforward Loss.
3. On the next screen, 2019 Net Operating Loss, remove any number in the Net Operating Loss Carryover box.
4. The next screen, 2019 Qualified Business Income Loss Carryovers, will allow you to remove any numbers for the QBI business loss carryforward.
5. Click Continue when done.

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.

1. Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar. 
2. 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.
3. On the Schedule C, first check that the "material participation" box is marked on line G.
4. Scroll down to the Carryovers to 2020 Smart Worksheet.  If there is a number on Line B - Schedule C suspended loss, delete it.
5. While you're in Forms Mode, you might also want to review Form 8995 - QBI deduction.
6. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.  

@vgmarkman