turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

TMCJ
Level 2

I have the same error. QBI passive loss carry forward from 2022 to 2023 but no regular tax passive loss carry forward from 2022 to 2023. Where on my 2022 return would I find the regular tax carryover to transfer manually?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Cynthiad66
Expert Alumni

I have the same error. QBI passive loss carry forward from 2022 to 2023 but no regular tax passive loss carry forward from 2022 to 2023. Where on my 2022 return would I find the regular tax carryover to transfer manually?

When you prepare your tax return with TurboTax, the software automatically tracks and carries over your QBI business losses to the next year's tax return. The QBI deduction is based on net income, so if your business had a net loss, you don't qualify for the QBI deduction for that year.

 

Net Operating Losses for 2022 can be found on Line 8a in Schedule 1 of the 2022 tax year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies