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Level 2
May 10, 2020
Question

Where do you enter prior year qbi loss for schedule c individual?

  • May 10, 2020
  • 1 reply
  • 21 views
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1 reply

abctax55
Level 15
May 10, 2020

Bottom of screen 15.

HumanKind... Be Both
dianacpaAuthor
Level 2
May 11, 2020

Screen 15 is NOL carryforwards.  I did place the amount in bottom of Screen 16 - schedule C screen, but it does not carry forward to the 8995 line 3.  Any other suggestions?

abctax55
Level 15
May 11, 2020

Suggestion is to look more closely... it's there.

Left side.  Under *Loss*.  Click on "Cur.YrNOL/Misc".  Under *Sections*.. third one down, and the last one = Qualified Business Loss Carryovers.

OR

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).

 

HumanKind... Be Both