What is the QBI Passive Carryforward? I'm not sure what to put in the box

[MaryK4 · Accepted solution]

The CARRYOVER OF LOSSES—If the net amount of qualified income, gain, deduction, and loss with respect to qualified trades or businesses of the taxpayer for any taxable year is less than zero, such amount shall be treated as a loss from a qualified trade or business in the succeeding taxable year.  If you used TurboTax last year, it should have transferred automatically.  Otherwise, it would be on a worksheet from last year.

[Anonymous]

Is it that difficult to provide actual details to this question? Question: "I'm not sure what to put in the box" Answer: "it would be on a worksheet from last year." - Which worksheet and and in what section # that amount is provided? why are the expert's answers always vague to specific questions?

[DaveF1006]

It depends. Look in last year's return to see if you have a form 8995.  If you do, your QBI passive carryforward will be on line 3. If you don't have a Form 8995 from last year, then you do not have a QBI passive carryforward.

As MaryK101 mentions, if you filed with Turbo Tax last year, that carryforward would have transferred into this year's tax return.