It looks like it is driven by form 8995 (refer screen shot below) , which making this deduction zero which is not making sense to me, Can u help in clarifying t...
Thanks for the explaination. One more thing, this QBI loss doesn't offset any W2 income, correct?Also, If I have schedule C loss, Is that also reduces W2 income...
This is interesting. I had the same scenario where I had $3500 carry over business loss from 2023 In year 2024, I had a income of $2000, based on what you wrote...
