Use Interview Form QBI-3 to enter information for prior year carryovers and for carryover overrides.
The prior year carryovers are separated by year, by form and by entity/activity number. The carryover is added to any current year calculation for that form and entity/activity. Any allowed amount (taking older carryovers first) is then separated back out and carried to the qualified business net loss carryforward from the prior year line of the Form 8995 or Form 8995-A Schedule C if the carryover is for 2018 or later.
The carryover overrides allow for the calculated carryover to be overridden. The override is taken straight to the QBI Carryover Worksheet and will pro forma to the following year. If the calculated amount of the qualified business loss is also needing to be adjusted, then that amount must also be overridden.
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