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March 2, 2024
Question

QBI At risk op loss must be entered

  • March 2, 2024
  • 1 reply
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I'm not sure what to do at this part of the tax review

    1 reply

    March 9, 2024

    It depends.  If you had a qualified business income (QBI) loss in 2022, to be carried forward to 2023 you can find this information on last year's return. Check Form 8995 for 2022, line 16.

     

    To include your QBI carryforward loss so that it is not lost you can use the steps below.

    • TurboTax CD/Download or TurboTax Online
      • Business Income and Expenses > Less Common Business Situations > Net Operating Loss/QBI Carryforward Loss
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