JR0879
Level 1
03-12-2021
11:36 AM
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Where do you enter the Qualifed Business Loss carryover on line 16 of Form 8995 when entering 2020 tax data in Lacerte for a new client. The QBI loss should reflect on Line 3 of Form
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George4Tacks
Level 15
03-12-2021
12:05 PM
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Depends!
For 1040, Sch C > Look in Prior Year Unallowed Passive Losses for QBI
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JR0879
Level 1
03-12-2021
12:47 PM
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I should have noted that my 2019 Qualified Business Loss carryover to 2020 is from a non-passive partnership interest. Where do you enter the carryover so it reflects on the 2020 8995?
George4Tacks
Level 15
03-12-2021
06:21 PM
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Same concept - Screen 20 for the partnership - Prior Unallowed Qualified ... in the section above Basis Limitation.
Answers are easy. Questions are hard!
Rafahuico
Level 1
07-18-2022
04:33 PM
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And where do I transfer the amount from form 8995 qualified business loss carryforward?
Thank you.
