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tjohnston350
April 14, 2023
Question

How do you handle a qbi loss carryover from last year when you no longer own a business?

  • April 14, 2023
  • 1 reply
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1 reply

G
GeorgeM777
April 14, 2023

Your QBI loss will carryover until it is offset with positive QBI.   The carried forward negative QBI will be treated as negative QBI from a separate trade or business for purpose of determining the QBI Component in the next taxable year. Any negative QBI carried into the subsequent tax year as a qualified business net loss carryforward will be used in that subsequent year to determine the net qualified business income or loss in that year. 

 

@tjohnston350 

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