Skip to main content
Level 2
March 12, 2021
Question

Carryover of qualifed business loss from 2019 to 2020 on Form 8995

  • March 12, 2021
  • 2 replies
  • 21 views

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

This topic has been closed for replies.

2 replies

George4Tacks
Level 15
March 12, 2021

Depends!

For 1040, Sch C > Look in Prior Year Unallowed Passive Losses for QBI

Answers are easy. Questions are hard!
JR0879Author
Level 2
March 12, 2021

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
March 13, 2021

Same concept - Screen 20 for the partnership - Prior Unallowed Qualified ... in the section above Basis Limitation. 

Answers are easy. Questions are hard!
Level 2
July 18, 2022

And where do I transfer the amount from form 8995 qualified business loss carryforward?

Thank you.