@GeorgeGLS wrote:
carry forward a 2020 NOL.
Unfortunately, the 2020 NOL carry forward amount I entered on the screen did not get updated on:
- Form 8995 line 3
- QBI Deduction Summary line 3
Did you file your 2020 tax return on time and make the election to "waive the carryback" of the NOL? If not, the NOL is carried BACK five years, not forward.
The carryforward for Form 8995/QBI is a completely separate carryforward than an NOL. I can't see your tax return, but amending to add a NOL carryforward won't directly affect line 3 of Form 8995.
