DianeW777
Expert Alumni

Business & farm

You Qualified Business Income Deduction (QBI) carryforward loss must be confirmed and/or entered each year until used up.

 

Open your TurboTax Online or TurboTax Desktop return 

  1. TurboTax Online: Click on Tax Home (left panel) > Select Income or work on other income > Edit beside your Business
  2. Scroll to Business Summary > Click on Qualified Business Income > Continue to follow the prompts and answer the questions.
  3. TurboTax Desktop: Select the Business tab > Continue to Business Income
  4. Scroll down to Less Common Business Situations > Select Net Operating Loss/QBI Carryforward Loss
  5. Continue to follow the prompts and answer the questions.
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