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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- Is there a way to record qualified business loss on current year return?
Is there a way to record qualified business loss on current year return?
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taammaarr-gmail
Level 2
03-08-2022
01:39 PM
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Loss was on 2020 return.
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George4Tacks
Level 15
03-08-2022
07:16 PM
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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
Here's wishing you many Happy Returns
