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March 23, 2024
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Desktop TT 2023 - 8995 QBI Deduction

  • March 23, 2024
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Using step-step TT and I can't seem to figure out how information is put in form 8995 - Qualified Business Income Deduction Simplified Computation.

When I go to "View Forms" 8995 is blank.

 

I know I can use this form but can't seem to find how to do it in step-step mode ?

I am guessing there is no way to enter it manually ?

    Best answer by Mike9241

    for every business entity that you report, there should be follow-up questions as to whether the activity qualifies for the 199A/QBI deduction.   this deduction can be 0 if you taxable income is too high but the info will still show up on the form. If nothing is showing on the 8995/8995-A, then you may have skipped over or incorrectly answered the QBI questions

    1 reply

    Mike9241Answer
    March 23, 2024

    for every business entity that you report, there should be follow-up questions as to whether the activity qualifies for the 199A/QBI deduction.   this deduction can be 0 if you taxable income is too high but the info will still show up on the form. If nothing is showing on the 8995/8995-A, then you may have skipped over or incorrectly answered the QBI questions