farmer875
Returning Member

Business & farm

Ok that makes sense now. But if QBI losses can now only offset QBI, why do Farm losses (schedule 1 form 1040 line 6)  get figured into my total income. It's like it is already offsetting non farm income and then carrying forward that same loss as QBI. Im just looking back at 2020 and 2021 taxes. I just really don't want to double these losses up and make a huge tax error.