The qualified business income (QBI) loss carryover could be used in the current year to reduce any QBI income, but it wouldn't be a tax deduction. If you have business income, you can sometimes take a deduction of up to 20% of it from ordinary income. If you have a business loss however, you can't take the deduction in that year, but you have to carry the loss to the next year to reduce any business income in that year.
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