MY CORPORATE TAX WASFILED 2 DATS AGO. THERE WAS MISSING FORM #8995 ABOUT QUALIFIED BUSINESS DEDUCTIOIN-SIMPLIFIED COMPUTATION .

Forum|Forum|3 months ago
April 18, 2026
1 reply
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THERE IS A NEED TO AMMEND THE ONE FILED 3 DAYS AGO BECAUSE ON THAT FORM # 8995 THE I.D. OF MY CORPORATION SHOULD BE INCLUDED, OTHERWISE IT WILL LOOK THAT I DID NOT FILE MY CORPORATE TAX RETURN. TURBO TAX COMBINED AGAIN THE PERSONAL AND MY CORPORATION INCOME TAX RETURN JUST LIKE THEY DID ON 2023 . WE CONTACTED REPRESENTATIVE, CONNECTED US TO EXPERT WHO WE EXPERIENCED CUT OFF AND NEVER CALL US BACK.THE NEW AMENDMENT IS ALMOST DONE BUT COULD NOT BE SENT TO IRS BY US. COULD YOU HELP ON THIS PROBLEM ?

TurboTax Online

Mike9241

Level 15

the 8995 doesn't go with your corporate return. It's only filed by individuals, estates and trusts. What the S-Corp provides its shareholders on line 17 of their K-1s is QBI income, W-2 wages, and unadjusted basis (of depreciable property) immediately after acquisition (UBIA). An S-Corp may not have the third item, but it would be unusual for there to be no wages.

what the IRS may do is match the K-1 info to the info the eligible taxpayer enters on their 8995

you have nothing to amend.

Mike9241

Rick19744

Level 13

While I agree with @Mike9241 the question is not clear.

The question was asked in the Business software section, but the original message indicates TT online which is only available for individual returns; which could include Schedule C or information from a Schedule K-1.

What tax return are you referring to?

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.