Question

Will I be able to use my qualified business loss (Section 199A) carryover on my personal return after the business is closed?

Forum|Forum|4 years ago
April 7, 2022
1 reply
0 views

No text available

Not A Product Question

You can carry forward the QBI unused loss, but you can only apply it to QBI income in future years. So, if you don't have any business income, which can come from an ownership in a partnership, S corporation or real estate investment trust, in addition to a small business, then you may not be able to use it in the future.

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