Yes, Form 8995 should be in your return to report the QBI loss carryover. When your business starts reporting a profit, the QBI loss carryover will be applied to your QBI income (business profit) in order to calculate your QBI deduction for the year. If in the first year you report profit, the profit doesn't exceed the QBI loss carryover, you will not have a QBI deduction, but the loss carryover will be reduced.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
