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Level 3
March 8, 2022
Question

Is there a way to record qualified business loss on current year return?

  • March 8, 2022
  • 1 reply
  • 7 views
Loss was on 2020 return.
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1 reply

George4Tacks
Level 15
March 9, 2022

If you know where it goes on the tax return (8995 line 3) you can find the form when you "check return", then go to the line (or box) and click on it. 

Net Operating Loss > Federal Net Operating Loss  > scroll down to Qualified Business Loss Carryovers

Answers are easy. Questions are hard!