turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can the Form 8995 be deleted and not filed as my farm income is not QBI

I would prefer to remove
form 8995 and not take the deduction
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ThomasM125
Expert Alumni

Can the Form 8995 be deleted and not filed as my farm income is not QBI

You should have been asked if your farm income was qualified business income and if you said it was, that is why it is being treated as such. You need to review your business entries and look for that question and change your answer.

 

Also, you may be able to delete the form 8995 in the online version of TurboTax as follows:

  1. Tax tools (on the left menu bar)
  2. Tools
  3. Delete a form

Find form 8995 in the list and delete the form.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
ThomasM125
Expert Alumni

Can the Form 8995 be deleted and not filed as my farm income is not QBI

You should have been asked if your farm income was qualified business income and if you said it was, that is why it is being treated as such. You need to review your business entries and look for that question and change your answer.

 

Also, you may be able to delete the form 8995 in the online version of TurboTax as follows:

  1. Tax tools (on the left menu bar)
  2. Tools
  3. Delete a form

Find form 8995 in the list and delete the form.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question