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Level 1
October 30, 2023
Question

Where is Form 8995 in Proconnect Online

  • October 30, 2023
  • 1 reply
  • 6 views

I am trying to complete Form 8995 for an S-Corp to report Carryover loss and cannot locate it in ProConnect online. The carryover is from an LLC that has been converted to S-Corp.

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1 reply

PhoebeRoberts
Intuit Community Champion
October 30, 2023

QBI carryforwards are determined at the 1040 level, not the entity level. If you have a prior single-member LLC with QBI loss carryforwards, you'll enter them in the K-1 input screen where you enter the S-corp's current-year activity, in the 1040 package.