@muco39
In TurboTax Online Self-Employed, follow these steps.
- Down the left side of the screen, click on Federal.
- Across the top of the screen, click on Income & expenses.
- Scroll down to Other Business Situations.
- Click Start / Revisit to the right of Net Operating Loss / QBI Carryforward Loss.
- Enter QBI Carryovers at the screen 2019 Qualified Business Income Loss Carryovers.
In TurboTax Home & Business, follow these steps:
- Across the top of the screen, click on Business.
- Click Continue.
- Click on I'll choose what I want to work on.
- Scroll down to Less Common Business Situations.
- Click Start / Update to the right of Net Operating Loss / QBI Carryforward Loss.
199-A negative overall QBI amount carries forward to the succeeding year and is treated as arising from a separate trade or business. Those losses carry over indefinitely until completely offset by positive QBI.
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