topic How to calculate "Qualified business net (loss) carryforward from the prior year" on form 8995? in Business & farm

How to calculate "Qualified business net (loss) carryforward from the prior year" on form 8995?

davidxbwang — Tue, 10 Mar 2026 05:33:04 GMT

The number of line 3 on form 8995 this year is not the same as the number of line 16 on form 8995 last year

Re: How to calculate "Qualified business net (loss) carryforward from the prior year" on form 8995?

Anonymous_ — Sun, 17 Jul 2022 15:06:04 GMT

Have you read through the Form 8995 instructions?

https://www.irs.gov/instructions/i8995#en_US_2021_publink100051907

Re: How to calculate "Qualified business net (loss) carryforward from the prior year" on form 8995?

davidxbwang — Tue, 19 Jul 2022 00:28:17 GMT

yes, I have read the Form 8995 instructions. The number of line 3 (Qualified business net (loss) carryforward from the prior year) on the form 8995 of my 2021 TurboTax is not the same as the number of line 16 (Total qualified business (loss) carryforward) on the form 8995 of my 2020 TurboTax. I'd like to know why they are different and how to calculate the number. Thanks!