Yes, it is very possible that you did earn the Qualified Business Income (QBI) Deduction on past year returns, but was not able to use it if your income was zeroed out by the Standard Deduction.
If that was the case, you may have QBI carry-over that you can use this year or a future year.
Please look at Form 8995 from prior years to see if there is an amount listed on line 16. If there is, you can add it (carry it forward) and apply it to your income this year.
To enter go under
- Wages & Income
- Business Items
- Business Deductions and Credits START
- Business Loss Carryovers (NOLs QBI) START
- Enter QBI carryover on the second screen in
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