topic I have a Qualified Business Income Loss Carryforward for 2 consecutive years. How do I treat these? in Get your taxes done using TurboTax

I have a Qualified Business Income Loss Carryforward for 2 consecutive years. How do I treat these?

flor073 — Tue, 10 Mar 2026 06:30:08 GMT

2 part question:

One: On form 8995 I show a loss in line 16 for both 2019 and 2020. Should I include them or carryforward on 2021 return even if there is no income for 2021? I am worried I will "loose" the carryforward which I will want to use since i know i have income for next year already.

Two: How do I handle the carryforward for both 2019 and 2020. Do i use one at a time, starting with the oldest (2019) or do I add them together and use one $ amount as the carryforward?

Re: I have a Qualified Business Income Loss Carryforward for 2 consecutive years. How do I treat these?

Anonymous_ — Thu, 13 Oct 2022 18:17:00 GMT

@Mike9241

Re: I have a Qualified Business Income Loss Carryforward for 2 consecutive years. How do I treat these?

Mike9241 — Thu, 13 Oct 2022 18:43:18 GMT

in turbotax any form that reported a QBI loss would have the carryovers from the prior years

that includes k-1's, schedule C, schedule E page 1

Re: I have a Qualified Business Income Loss Carryforward for 2 consecutive years. How do I treat these?

flor073 — Thu, 13 Oct 2022 19:02:59 GMT

@Mike9241

I imported last years return, but it is not populating this info. It is asking me if I have any carryforward, which as i understand it, i do on form 8995, line 16, so i can plug that in, but my question is 1) do i carry over the last 2 years worth of QBI Loss and if so how do i do this? Do i add them together or do i use the oldest one first or what? and 2) if i still dont have business income for 2021, do i still carry it forward to use in 2022, for which year i know i have income?

For clarification: turbo tax did create a form 8995 for me for 2019 and 2020 and i DO show a carryforward on line 16, my questions are the ones above on how i handle them. Please see the 2 separate questions above. Any help and clarification is appreciated. Thanks in advance!