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Get your taxes done using TurboTax
You can enter your passive loss carryover from 2019 by using these steps:
TurboTax Online
- On the Wages & Income screen, scroll down to Other Business Situations.
- Click the Start/Revisit box next to Net Operating Loss/QBI Carryforward Loss.
- On the next screen, 2019 Net Operating Loss, remove any number in the Net Operating Loss Carryover box.
- The next screen, 2019 Qualified Business Income Loss Carryovers, will allow you to remove any numbers for the QBI business loss carryforward.
- Click Continue when done.
TurboTax Home & Business (CD/Download)
- While in your return, click the Business tab.
- In the Less Common Business Situations section, click the Start/Revisit box next to Net Operating Loss/QBI Carryforward Loss.
- On the next screen, 2019 Net Operating Loss, remove any number in the Net Operating Loss Carryover box.
- The next screen, 2019 Qualified Business Income Loss Carryovers, will allow you to remove any numbers for the QBI business loss carryforward.
- Click Continue when done.
March 17, 2021
6:40 AM