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1 reply

M
Mike9241
January 7, 2023

if you have self-employment income you are probably entitled to a QBI (Qualified Business Income /199A) deduction which can be up to 20% of your net self-employment income reduced by 1/2 your SE tax and any contribution to a retirement plan based on the SE income. the 8995 is where it's computed. the form won't be finalized until 1/19/2023. don't be in a rush to submit to Turbotax. it will just sit on its servers until 1/24/2023  when the IRS says it will officially open e-filing. 

 

 

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