Only Claim 199A QBI Deduction in Profit Years?

[Tax Explorer]

Hi all,

I have a question with regards to claiming the QBI deduction. Is it possible to only claim the QBI deduction in the profit years but not the loss years for partnerships and s-corps? If so, can you provide the guidance on this issue? I couldn't find any tax guidance on this.

[Just-Lisa-Now- · Accepted solution]

The business either qualifies for QBI or it doesnt, you cant flip flop back and forth as it suits you.

[ljr]

seriously no. The year that there is a loss gets carried forward to reduce the profit in the following year. If it is qualified business you cannot pick your years.