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Business & farm
@asender wrote:"can I use this QBI loss carryforward to reduce my current year income?"
No. Actually, a negative QBI carryover is sort of a BAD thing to have, not a good thing.
QBI is a relatively new special deduction for some people that have a business. The negative carryover just means that if you had a business, your QBI deduction would be smaller.
March 1, 2021
7:03 PM