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Level 2
posted Mar 23, 2023 6:23:38 PM

My TurboTax Home and Business 2022 is not creating Schedule C (Form 8995 or 8995-A) Form

I had a qualified business net (loss) carryforward on Line 6 of Schedule C (Form 8995-A) 2021. For some reason, my TurboTax Home and Business 2022 is not creating Schedule C (Form 8995 or 8995-A) Form.

 

According to IRS, The amount reported on this line must be reported in the next tax year on Schedule C (Form 8995-A), line 2, or Form 8995, line 3, Qualified business net (loss) carryforward from prior years, as applicable. 

 

Should I add the form by myself? 

 

Thanks in advance.

0 2 851
2 Replies
Level 15
Mar 23, 2023 10:51:18 PM

in forms mode go to the schedule c. at the very top is the box checked yes for Section 199A? the loss carryforward is not on this Turbotax form but on the carryover form

 

Level 2
Mar 24, 2023 6:27:14 AM

Thanks for your answer. It looks like that the loss was deducted last year, since I closed out the business with loss carryover last year. This is despite the Qualified business net (loss) carryforward was nonzero in Form 8995-A last year.