Down the left side of the screen, click on Federal.
Across the top of the screen, click on Income & expenses.
Scroll down to Other Business Situations.
Click Start / Revisit to the right of Net Operating Loss / QBI Carryforward Loss.
Enter QBI Carryovers at the screen 2019 Qualified Business Income Loss Carryovers.

In TurboTax Home & Business, follow these steps:

Across the top of the screen, click on Business.
Click Continue.
Click on I'll choose what I want to work on.
Scroll down to Less Common Business Situations.
Click Start / Update to the right of Net Operating Loss / QBI Carryforward Loss.

199-A negative overall QBI amount carries forward to the succeeding year and is treated as arising from a separate trade or business. Those losses carry over indefinitely until completely offset by positive QBI.

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Llys8

Where does it go in Turbo Tax premier? I recall entering it last year April and yet now I see that it is not shown on line 3 on my completed return and my taxes have already been submitted to the IRS though they have not completed processing it.

ThomasM125

@Llys8 You enter last years QBI loss in Turbo Tax Premier in the Wages and Income section, then Business Items, then Business deductions and credits, then Net Operating Loss, then on the second screen you will see 2020 Qualified Business Income Loss Carryovers.

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cynthia29

1 - Is there a reason why my 2020 from 8995 line 16 did not carry over to 2021 8995 line 3?

2- So I followed the instructions for TB premier and the loss reported on 1040 line 8. Is this correct? This creates a total current year loss plus the carryover which does not look right.

Thanks

Cynthia