Thank you so much for the quick reply. It's much appreciated.
As of now, my draft Form 8995, Line 16, for 2020 shows a Qualified Business Loss Carryforward of -$xxx,xxx. Based on your response, and assuming this QBI is as valid as the TurboTax form shows, my question becomes "can I use this QBI loss carryforward to reduce my current year income?"
If the answer is "yes", I think it may be possible to carry the loss back for five years under the CARES Act although I doubt I would do that since I understand I can carry forward QBI indefinitely into the future.
Again, thanks for helping to clarify this.
