Since your business did not have profit in 2023, you will not get a QBI deduction. If you have a carryforward deduction from a previous year, you will not be able to use it until your business had a profti again.
To enter prior-year QBI carryforward:
- Login to your TurboTax account
- Go to Wages & Income
- Scroll down to Other Business Situations
- Under this category you will find Net Operating Loss/QBI Carryforward Loss, click Start.
The program will guide you as you enter your information.
[Edited 2/26/24 | 6:10PM PST ]