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April 19, 2023
Question

Form 8995 (Qualified Business Income Deduction) Line 12 uses incorrect information

  • April 19, 2023
  • 1 reply
  • 0 views

We have a Schedule C business, and TurboTax Home & Business (CD) software generates this form, but, it uses our Dividends amount in Line 12, and not our Capital Gain (which is a loss for this tax year). I cannot find how to change or update this.

Any guidance?

    1 reply

    April 19, 2023

    Form 8995 is used QBI. Would you clarify what kind of business is on Schedule C? Do you have income from your business?

     

    @john154 

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