- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
No, it is not a NOL, net operating loss. A net operating loss is when you have more business losses than your other income. It has nothing to do with a qualified business income loss carryover.
When you enter your business income (QBI) either from self-employment income or a K-1 schedule, you will be asked to enter any QBI loss carryovers form the previous year. That is the only place you would enter a QBI loss carryover.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 10, 2022
4:42 PM