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.
You'll need to sign in or create an account to connect with an expert.
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
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Shawn B1
New Member
Mike1127
Level 3
ew19
New Member
alec-ditonto
New Member
berndtcolton
New Member