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JohnB5677
February 6, 2023

Qualified Business Income (QBI) passive activity loss carryover is created when losses from one QBI qualified business are netted against the gains from another.  TurboTax does this internally.

 

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.

 

   Qualified Business Income Deduction FAQs   Question 22

 

 

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