RobertB4444
Expert Alumni

Deductions & credits

A Qualified Business Loss can only be used to offset Qualified Business Income.  So you will keep carrying it forward until the business makes a profit and then the carryforward loss will wipe that income out up to the amount of the loss.

 

Here's a great article on Qualified Business Income and what it all means.

 

@Mike92ct 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"