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February 22, 2023
Question

Don't have a business. Turbo tax entered a 5 dollar income from PTPS and RITS and calculated a QBI deduction I don't deserve. How do I delete this form?

  • February 22, 2023
  • 1 reply
  • 0 views
how do I delete form 8995?

1 reply

AmyC
Employee
February 23, 2023

Partnerships, rentals, and REITs qualify for the QBI along with the business owners. Please see What is the Qualified Business Income (QBI) deduction? before deciding you should not have the form.

 

If you are sure you don't need the form, you can delete it. However, if the program believes you should have it, it will reappear.

If you are using:

  • Online: see How do I view and delete forms in TTO?
  •  Desktop: If you are working in the cd/download TurboTax program:
    1. On the top right, there is a FORMS button. 
    2. Click on FORMS.
    3. Locate the form you want to delete.
    4. Click on the form name.
    5. Below the form, bottom left, select DELETE FORM button. For a mac, click the delete button on your keyboard.
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