TaxGuyBill
Level 15
10-09-2022
02:14 PM
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@bethbrake wrote:
The program is allowing the current QBI loss to offset capital gain and dividend income AND carrying the full QBI loss forward to 2022.
No, the program is allowing the current BUSINESS loss to offset other income. That is how it works, losses offset income.
The QBI that you are referring to is a type of deduction, not income or a loss, so it is completely separate than claiming a loss. The "QBI loss" that is being carried forward merely means it is reducing future QBI deductions.
