According to this Turbo Tax link written by DavidS127, " If you have QBI loss carryforward, you will need to indicate that you have carryovers from the prior year, and manually enter that those carryforward amounts. In TurboTax Online, you do this in the section Income>>Other Business Situations>> Net Operating Loss/QBI Carryforward Loss. In TurboTax Download/CD versions, you use the path Income>>Less Common Business Situations>>Net Operating Loss/QBI Carryforward Loss."

Question

I used HR Block last year. I have a 2019 Form 8995 that has qualified business loss carryforward on it. Where does that get entered?

Forum|Forum|5 years ago
February 15, 2021
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TurboTax Self Employed Online

DaveF1006

According to this Turbo Tax link written by DavidS127, " If you have QBI loss carryforward, you will need to indicate that you have carryovers from the prior year, and manually enter that those carryforward amounts.

In TurboTax Online, you do this in the section Income>>Other Business Situations>> Net Operating Loss/QBI Carryforward Loss.
In TurboTax Download/CD versions, you use the path Income>>Less Common Business Situations>>Net Operating Loss/QBI Carryforward Loss."

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mzhang2020

Hi,

I'm facing the same problem, being unable to enter the "qualified business (loss) carryforward" from 2019, which was done using other tax software. In my current TruboTax Premier 2020 CD version, there is no "Less Common Business Situations" under "Wages and Income" (assuming this is the equivalent to Income), only "Less Common Income", which does NOT have anything close to "Net Operating Loss/QBI Carryforward Loss". Any suggestion on how to locate the place to enter it will be greatly appreciated.