I need to correct SCHEDULE B, Form 8995-A, line 2 to a simple "No". How can I reach this in TurboTaxOnline?

Forum|Forum|3 years ago
February 9, 2023
1 reply
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I was prompted to fill in a "aggregation changes stmt" with not further explanation, so I put in a lengthy statement. Seeing the actual form at the end, a simple "No" was called for.

TurboTax Premier Online

Best answer by PatriciaV

If the federal review process didn't prompt you to create the QBI form, try going back to the business that relates to QBI (Schedule C, E, K-1).

Go to the business/property/investment info section and work through the interview screens. Pay close attention to any that ask about QBI.
Next, go to the bottom of the activity summary page and click Done. Other QBI questions may appear after this step.
Continue until you return to the Wages & Income page.
Now go through the Federal review again.

You can check the Forms List under Tools to confirm Schedule B has been updated.

@petrkubik

PatriciaV

Employee

The easiest way to change this in TurboTax Online is to delete the worksheet with the comment. Follow these steps:

Open TurboTax Online and log into your return.
Go to Delete a Form: In the left menu, select the dropdown arrow next to Tax Tools and then under that select Tools; in the pop-up window Tool Center, choose Delete a form.
Find the QBI Component Worksheet for your business. Choose and delete that form.
Go back to your return, then go to Review and start the review routine.
You will see the “primary” form for that business (Schedule C, Schedule E, K-1). It will be highlighted for Question A in the Qualified Business Income Deduction Smart Worksheet.
Double click in the highlighted Question A box, and you will get a pop-up asking you to link to a QBI component worksheet. Create a new copy for that business (e.g., give it the name of that business).
Continue as needed to complete other entries or review items.

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petrkubikAuthor

Well the first half of the instructions worked, I was able to follow steps 1-3 to delete the old worksheet. However, when I go through Review (Federal, State, and final review), I do not get prompted with an option to recreate it.

How do I go about re-creating the form?

PatriciaVAnswer

Employee

If the federal review process didn't prompt you to create the QBI form, try going back to the business that relates to QBI (Schedule C, E, K-1).

Go to the business/property/investment info section and work through the interview screens. Pay close attention to any that ask about QBI.
Next, go to the bottom of the activity summary page and click Done. Other QBI questions may appear after this step.
Continue until you return to the Wages & Income page.
Now go through the Federal review again.

You can check the Forms List under Tools to confirm Schedule B has been updated.

@petrkubik

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