Thank you for your answers. I have been looking over my 2019-2020 Tax returns and even the amount of "carryover loss" from the 8995 from 2018, and it is quite confusing. Looks like there's carryover, but can't find it being used on subsequent returns. I had SE income in 2020, but it only reflects the Schedule C income (after Sched C deductions) of approx $900. The QBI Deduction Form 8995 showed a carry over of a loss amount greater than 4k on line 16, but line 14 showed an "income limitation" of an amount less than $1000, so which number would be used? I can't seem to find anywhere that the QBI amt was used to subtract the approx. $900 from my SE profit in 2020. This may be too detailed, but am trying to learn how this is done to do this w/TT from now on.
Were you saying that if I don't use the Sched C or other SE forms this year, I would still be able to use the QBI loss another year, when starting my business back up? If so, I'm not sure how the carryover will still work, if I don't file the Sched C/8995 this year, since there was no SE income for 2021. If I don't file the 8995 form, how will TT know there is a carryover going forward?
Also, if I purchase the online TurboTax from an office supply store (they have a coupon I can use), I don't think I can start with a lower form of TT and add forms as I go. Will I be able to get "Live" help if I get the online version of TT from an office supply store? Thank you for your help!!
