GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

In your first post, you asked about where to enter your QBI carryover loss.  If you are using TurboTax online, follow these steps to enter your QBI carryover loss.

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Income & expenses.
  • Scroll down to Other Business Situations.
  • Click Start / Revisit to the right of Net Operating Loss / QBI Carryforward Loss.
  • Enter QBI Carryovers at the screen 2021 Qualified Business Income Loss Carryovers.

Your carryover QBI losses can only offset positive QBI.

 

@UU1

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