On the screen 2020 Qualified Business Income Loss Carryovers, enter the amount from 2020 Form 8995, line 16 in the box Qualified business loss carryforward.
This is the amount to be carried forward to the next year. This amount will offset QBI in later tax years regardless of whether the trade(s) or business(es) that generated the loss is still in existence. This carryforward doesn’t affect the deductibility of any loss for purposes of any other provisions of the Code.
Instructions for Form 8995 (2021)
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