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At risk loss carryforwad vs QBI loss carryforward
My 2020 schedule C From 8995 line 3 and line 6 show QBI net loss carryforward of ~$8000. In Turbotax (Home and Business), under the section "Let's get your at risk carryovers" I have 3 options to record it on the left "At-risk loss carryover" from schedule c and on the right "QBI at-risk loss carryovers" or put the same (or other) numbers in both?
Where do I record my loss from previous years on the right or the left?
Why does TurboTax call it carryovers when the IRS refers to it as carryforwards?
What is the difference between the at-risk loss and the QBI at-risk loss?
Thanks,
March 30, 2022
5:07 AM