QBI Loss carryforward

9 replies
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Does anyone know the screen where I enter a carryforward loss to reduce the QBI deduction in the current year?

Lacerte Tax

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abctax55Answer

Level 15

For future reference, Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).

I'm not sure it works on F 8995 or not.

HumanKind... Be Both

abctax55

Level 15

Sch C?

Left side, under 'Sections', then under 'Prior Year Unallowed Passive Losses. Then down a bit to QBI.

HumanKind... Be Both

G

garyfranksAuthor

Level 2

It's from an S Corp that i didn't prepare last year.

abctax55

Level 15

Likely in the same general area then - PAL carryforwards.

HumanKind... Be Both

abctax55Answer

Level 15

For future reference, Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).

I'm not sure it works on F 8995 or not.

HumanKind... Be Both

J

jrescpa1

Level 3

Individual program. Screen 15 NOL. Cur. Yr NOL / Misc. At the bottom of the screen see Qualified Business Loss Carryovers.

M

mgdtax

Level 4

Can't make this work for the carryover to appear on Form 8995 line 3. I did not prepare last year's return, so need to enter. It appears as an NOL c/o, not QBI c/o, even though I am selecting QB Loss Carryover on the bottom left. How do I differentiate between entering an NOL c/o and a QB c/o?

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