Business & farm
You will see the QBI carryforward entry option in the business section of TurboTax, along with the Net Operating Loss carryover:
When you choose the Net Operating Loss/QBI carryforward Loss option, you will have an option to enter your QBI loss carryover and/or your Net Operating loss carryover. The QBI loss carryover will be used to reduce your qualified business income in the current year to be used to determine your QBI deduction. The deduction could be as much as 20% of your business income in the current year, but no more. Any unused loss in the current year will be carried over in TurboTax to future years without further attention on the part of the taxpayer.
If you entered a Net Operating loss deduction, it could be used to reduce your total current year income in an amount equal to 100% of the Net Operating loss. So, you have be careful to enter the loss carryover in the correct entry screen.
