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Business & farm
In 2020 i had a QBI Loss Carryforward of -8,811. On my 2021 8995 form, Turbotax is adding this loss carryforward (-8,811) to my QBI income (11,783). Per the response above and the 199A loss rules.. only 20% of the 8,811 QBI Loss Carryforward from 2020 should be deducted from the 11,783. Turbo tax is deducting the -8,811 loss from 11,783.
Is there a bug in TT or do I need to manually calculate the .20 of -8,811?
‎February 6, 2022
11:27 PM