Qualified Business Income Deduction

[emarcus54]

I have used Turbotax for several years to file my returns -- thanks so much!!  This year Turbotax gave me a QBI deduction but last year with very similar financial data it did not.  Why would I be eligible in 2020 but not in 2019?

Thanks!

Eric

[emarcus54]

Last year though the business was profitable it had a carryforward loss.  Is that what caused there to be no QBI last year?

[JoannaB2]

Qualified Business Income (QBI) form 8995-A is the net amount of qualified items of income, gain, deduction and loss from any qualified trade or business, including income from partnerships, S Corp, sole proprietorships, and certain trusts. Qualified Business Income deduction is up to 20% of net business income.  If you have business loss, you can't use QBI for that particular year.

See, qualified business income under section 199-A, link.