Various income components are netted together on IRS form 8995 or 8995-A
Does the loss from the prior year offset the profit from the current year?
Does the Qualified Business Income Deduction Summary show a loss from a previous year on line 3?
IRS Form 8995 may show a carryover on line 3.
IRS Form 8995-A may show a carryover on line 29.
@Lorganized
[Edited 04/11/2021 7:43 AM PST]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
