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April 6, 2025
Question

I am getting QBI listed as n/a and some deduction in my form and turbotax is generating 8995. I tried deleting the form but it keeps popping back up. I have no business.

  • April 6, 2025
  • 1 reply
  • 0 views
Please help getting it removed. Turbotax is not giving an option to delete it anyway

    1 reply

    April 6, 2025

    The QBI deduction not only applies to Schedule C filers. It also applies if you have income from partnerships, S corporations, estates, and trusts. You could even get the deduction if you have rental income that qualifies as a trade or business.  TurboTax automatically calculates the deduction if it you qualify for it.

     

    What is the Qualified Business Income (QBI) deduction?

    Can I get the QBI deduction on rental income?

    If you are sure that none of those situations apply to you, see the links below to delete Form 8995:

     

    If you are using TurboTax Online, please follow the instructions in this TurboTax Help article.

     

    If you are using TurboTax Desktop, please follow the instructions in this TurboTax Help article.