QBI Loss carryforward

Forum|Forum|5 years ago
March 19, 2021
2 replies
32 views

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

Lacerte Tax

This topic has been closed for replies.

Best answer by abctax55

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.

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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