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Investors & landlords
Yes, it should.
If you are using TurboTax Home and Business, Select
Business
Less Common Business Situations
Net Operating Loss/QBI Carryforward Loss
Start or Update
Skip the first screen unless you have NOL
ON THE SECOND SCREEN enter Qualified Business Loss carryforward and Continue
The Carried Forward loss should be listed on Form 8995 Line 3
Please verify that it was not entered as a Net Operating loss or that you did not continue and finish that section of the interview.
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‎February 21, 2024
6:49 AM
7,705 Views