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April 17, 2023
Question

How does a QBID carryover affect your tax return?

  • April 17, 2023
  • 1 reply
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1 reply

AliciaP1
April 17, 2023

QBI loss carryovers are applied to future QBI (net income not loss) and reduce the amount of QBI available for the QBI Deduction calculation.

 

See What is the Qualified Business Income (QBI) deduction? for more information.

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