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February 10, 2020
Question

When will Sch C Sec 179 Carryover be available?

  • February 10, 2020
  • 1 reply
  • 0 views

I have completed my taxes, but I get a message regarding my carryover that says, "a value here is not yet supported in the program for the qualified business income deduction. This will be enabled in a subsequent release." 

When will that be?

1 reply

February 10, 2020

Forms 8995 and 8995-A, the forms used to to calculate the amount of QBID, are not final yet.  TurboTax will update the program after the IRS finalizes their instructions.  After that update you should see the QBID on your tax return and you will be able to file.

 

For current information on forms availability, please click on this link:  Federal forms availability   [Note:  Forms 8995 and 8995-A might appear at the bottom of the list, not necessarily in numerical order. ]

February 15, 2020

Well, not really an answer. The IRS website offers no additional insight as to an expected date.