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How do I enter prior year QBI losses on line 3 of form 8995?

LarryM1
Level 1

I need to enter the loss carryforward from the prior year on line 3 of form 8995 and I don't know how to do it.  I would appreciate your help.

Thanks,

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2 Comments 2
abctax55
Level 15

In Lacerte (PTO's big sister..) it's in the same screen as NOL's.

Maybe @George4Tacks will wander by as he speaks PTO

"*******Tax software is no substitute for a professional tax preparer*******
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George4Tacks
Level 15

Use the form as your guide to input. Check Return > Forms > All > US > put the form number in the search > Find the form and then notice on the line you want it is shaded in blue. Click that line and VOILA! the input, she is there!!!!

Yes, it is in Federal Net Operating Loss > Qualified Business Loss Carryovers > first input line


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