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Deductions & credits
No, your 2019 QBI is not affected by your 2018 NOL carry back. You'll need to exclude that loss when calculating your QBI.
See IRS FAQs about carrybacks of NOLs for taxpayers who have had Section 965 inclusions. There would not be a need to reduce QBI; you just would not factor the NOL into it.
‎February 3, 2021
9:52 AM