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January 30, 2020
Question

In the final review, I am getting an error on Sch K-1 Wks-S Corp that it won't allow me to correct. Error message states that QBID expenses are not yet supported.

  • January 30, 2020
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January 30, 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.]