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Question

Where do I enter last year's QBI loss carryover (Line 16, Form 8995) into 2022 Turbo Tax (Self-Employed) online?

Forum|Forum|3 years ago
January 28, 2023
2 replies
0 views

I am not getting any prompts to enter this information from Form 8995. If I enter information in the uncommon business section regarding carryovers, I get errors in the review process. When I click the Qualified Business Income section, it does not prompt to enter the information.

did you use Turbotax in the prior year? then the QBI loss carryforward should have rolled. it won't show up on the 8995 but the activity that generated it.

xcntryAuthor

No, I did not use TurboTax last year.

xcntryAuthor

Figured it out with TurboTax Live Help:

Federal Taxes ->Wages & Income->scroll down to Other Business Situations->Net Operating Loss/QBI Carryforward Loss