Question

At Risk Farming Losses

Forum|Forum|2 years ago
March 29, 2024
1 reply
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In the table for QBI deduction, TurboTax asks for farm operating loss. Where exactly do I find this info? I have a Schedule C that is an aggregate of my Schedule F. Do I look at both of these?

PatriciaV

Farming Loss for QBI is reported on Schedule F. If you are entering carryovers, look for the Carryforward to 2023 Smart Worksheet on your prior year Schedule F. TurboTax usually transfers this information to your current year return. If you used a different tax provider last year, you may find this information on a different form in your return.

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