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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
- TurboTax Online: Click on Tax Home (left panel) > Select Income or work on other income > Edit beside your Business
- Scroll to Business Summary > Click on Qualified Business Income > Continue to follow the prompts and answer the questions.
- TurboTax Desktop: Select the Business tab > Continue to Business Income >
- Scroll down to Less Common Business Situations > Select Net Operating Loss/QBI Carryforward Loss >
- Continue to follow the prompts and answer the questions.
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‎February 8, 2025
4:15 PM