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pfgold
Returning Member

Form 8995 - Qualified Business Net Loss Carryforward

I have a very small (less than $20) qualified business net loss carryforward from a prior year on Form 8995 that I would like to delete. I tested changing the amount to $0 in Easy Step. TT still included Form 8995 for filing but it changed the carry forward for next year to $0. Is this the procedure I should follow to delete the Form moving forward next year?

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Cynthiad66
Expert Alumni

Form 8995 - Qualified Business Net Loss Carryforward

If you use the $20 this year then it would automatically not carryforward anything into 2023.    All of this should be handled automatically and you should not have to do anything to delete it for 2023, if it is now $0. 

 

There is no need to delete the form 8995 because it will simply be re-created in the system.

 

 All of this depends on whether you are using TurboTax every year.  When you use TurboTax every year and use the same account logon information all of your information should translate every year automatically and accurately.

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