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April 18, 2023
Question

I had a loss on Sch c last year 2021 The loss was deducted from income and now turbo is adding it as carry forward on F8995 line3. Is this correct?

  • April 18, 2023
  • 1 reply
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    1 reply

    April 18, 2023

    The loss was deducted from income for income tax purposes in 2021.

     

    In 2022, the carry forward on form 8895 is for the QBI deduction. This is correct.

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