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Business & farm
Under Regs. Sec. 1. 199A - 1 (d) (2) (iii) (B), the negative overall QBI amount carries forward to the succeeding year and is treated as arising from a separate trade or business. Those losses carry over indefinitely until completely offset by positive QBI. A C-corp does not have QBI. so that loss can't be used until you have QBI from another souce.
May 27, 2023
9:36 AM