Question

QBI not appearing on 8995

Forum|Forum|2 years ago
April 8, 2024
1 reply
0 views

When entering business income, I answered yes for it being qualified, however when formatted 8995 was populated, it appeared as a zero.

Last year's return included.

Any ideas?

Thanks

TurboTax Home & Biz Windows

T

ThomasM125

If you had business losses in previous years, they can reduce your qualified business income (QBI) in the current year. For instance, if you had QBI carryover losses of $5,000 and your net business income in the current year was $4,000, your QBI income for that business would be $0 for the current year.

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B

BrianL44Author

Thanks for the info. I did not have losses during the year. It just seems there is a bug in the software. The line item appears on the form 8995, however it is listed as $0.

Thank you