celiadorrllc
Level 2

The income qualifies as the taxable income is approximately $88,000.  They are a qualified business, not a specified business.  QBI not showing up.

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sjrcpa
Level 15

It's a deduction, not a credit. Is there net Qualified Business income? or a net loss?

Look at Form 8995.


The more I know the more I don’t know.
BobKamman
Level 15

Carryover loss?

celiadorrllc
Level 2

There have been no losses so I don't understand why there are carryover losses showing for the last year.  I checked back quite a few years.  Always has a profit.

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celiadorrllc
Level 2

There is income not losses.

 

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sjrcpa
Level 15

"There have been no losses so I don't understand why there are carryover losses showing for the last year."

A bug in the pro forma process?

Other trade or businesses in the return in PYs?


The more I know the more I don’t know.
George4Tacks
Level 15

What type of return?

QBI from Sch C? E? F? K-1? 

You may be best off to contact support.

https://accountants.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect...


Answers are easy. Questions are hard!