JamesG1
Employee Tax Expert

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The Qualified Business Loss Carryforward can be viewed on the Qualified Business Income Deduction Summary, line 3.

It is deducted from the current year's total.  So, if your have 

 

QBI entity A   $50,000

QBI entity B   $10,000

 

Total               $60,000

less carryfwd -18,000

 

                      $48,000

 

What makes it more complicated is that QBI A and QBI B can each be limited by the wage / UBIA computations.

The AGI that you are reporting may further limit the calculations.

 

The Qualified Business Income Deduction Summary is a good explanation of how the deduction is computed.

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