Which is TRUE about qualified business losses (QBLS)? OBLs are carried forward and will reduce income subject to SE tax Qels are deducted from adjusted gross income on Schedule 1 (Form 1040) If a taxpayer has a QBL and a net operating loss (NOL), the losses are always carried back or forward to the same tax year OBLs will reduce qualified business income when calculating the QBI deductions D Mark for follow up