Irene2805
Expert Alumni

Get your taxes done using TurboTax

You can enter your passive loss carryover from 2019 by using 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.

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