Did the 2023 income tax return include a Qualified Business Income Deduction on line 13 of the 1040 income tax return?
If your 2023 1040 income tax return:
- did not report a Qualified Business Income Deduction,
- did not include an IRS form 8995 or 8995-A, and
- did not include the QBI carryforward loss,
you may consider amending the 2023 1040 income tax return.
After the QBI carryforward loss has been computed, the QBI carryforward loss may be added to the 2024 1040 income tax return.
If your return has been transmitted and accepted by the IRS, you may amend your Federal 1040 tax return.
If you used TurboTax Online, log in to your account and select Amend a return that was filed and accepted.
If you used the CD/download product, sign back into your return and select Amend a filed return.
See also this TurboTax Help.
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