Anybody else here who had Form 8995 erroneously attached to their Federal return and cannot delete it?

Here's the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

1. Open or continue your return in TurboTax.
2. In the left menu, select Tax Tools and then Tools.
3. In the pop-up window Tool Center, choose Delete a form.
4. Select Delete next to the form/ 8995 in the list and follow the instructions.

That does not work for this form.

Form 8995 is "Qualified Business Income Deduction". I have no business or partnership or trust or estate eligible for it.

This form was triggered, in my case, by a box on my 1099-DIV for the mutual fund VTSAX. The box is  "Section 199A" dividends. If you have business income you can take a deduction based on this amount. I do not qualify to take the deduction but in order to get rid of the form I would have to not report that Section 199A amount.  Otherwise the form will not delete. There is no option in TurboTax to get rid of the form. You can't delete it unless you zero out that box from the 1099-DIV. Here is the most succint explanation I have found of what "The Qualified Business Income Deduction" is and who is eligible to take it. There should be an option in TurboTax to not send it if filing electronically.

https://www.policygenius.com/taxes/qbi-deduction/

Thanks for doing the leg work to find why this is happening.  I have this same problem with a different Vanguard fund.  I'll zero out that box.  TTax Support has really gone downhill the last few years.

Yes. In previous years I have had a business, including 2018. I imported my file from last year to start this 2019 year's return. My business was closed on Dec 31 2018 and not operational in 2019; no income and no expenses to report. Yet the Form 8995 is attached to current return albeit all entries are $0.00. I presume it is a carry over from having imported last years return. But, I can not seem to delete the form from my copy of current return. I may have to stat a new return without importing prior year and manually enter information to prevent linking the form. 

Same situation as I. Business was closed in 2018, imported information into 2019, deleted all Self Employment information yet the Form 8995 continues to be attached to the Federal return no matter how many times I deleted the form.   This needs to be addressed.

I have two rental houses that it is putting on the form 8995.  I do not feel that I meet the 250 hour rule so want to delete the form.  It will not let me.  Please fix this or tell me how to get rid of it.

Is there a box checked somewhere that causes this or?? please help

Thanks,

Donna

If you have not filed, here are the steps:

In TurboTax online,

• Sign in to your account, select Pick up where you left off
• To your left, Select Tax Tools/drop-down menu
• Select Tools
• Under Other helpful links, choose to Delete a form
• Select Delete next to Form 8995 and Continue with My Return to proceed

My version of Turbo Tax is Home and Business on a cd.

I do not have tax tool so now what do I do?  If that would work I wouldn't need help.

I have a tools tab...but no tax tools?

Help

Donna44

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@Donna44 wrote:

My version of Turbo Tax is Home and Business on a cd.

 

I do not have tax tool so now what do I do?  If that would work I wouldn't need help.

 

I have a tools tab...but no tax tools?

 

Help

Donna44

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Click on Forms.  When in Forms mode click on the form on the left side of the screen you want to delete.  With the form opened click on the Delete button at the bottom of the opened form.

@DoninGA 

TTax is falling down on the job by not explaining this is sufficient detail.  In my case, the creation of form 8995 was triggered by an entry on a Mutual Fund 1099-Div, box 5 regarding Section 199A Dividends.  This is listed in the REIT section of for 8995.  There is nothing to tell users why this form is being created and it is very easy to assume there is an error in why this form is created.

As for your process to delete the form:  I use the version for an iMac.  There is NO delete at the bottom of the page.  That said, from the app menu there is a "remove form" and by selecting that I am warned that all the data will be deleted.  And by agreeing to have the data deleted, the current return is recalculated the for form is NOT DELETED.  It also crashes the program.

As I said before, TTax is falling down on their job. 

If that would work I would not be asking.

It does not work

Home and Business is what I am using. Follow these steps:

1. On the top right, there is a FORMS button.
2. Click on FORMS.
3. The program shifts and you see a list of forms on the left hand side.
4. Locate the form you want to delete.
5. Click on the form name.
6. Below the form, bottom left, select DELETE FORM button.
7. Click on Step by Step to return to the program.

@Donna44

Yes, if that worked I would not be asking!!!!!  IT DOES NOT WORK TO DELETE FORM 8995.

If you don't qualify for the "rental safe harbor", take a look at the Schedule E Wks for the rentals.  

In Forms mode (icon at top right in blue bar), look in the left column to find the Schedule E Wks form for each rental property.  When you click on it the form will open up in the window.

Once you are in the Schedule E Wks, scroll down just past line 22 to find the Qualified Business Income Deduction Smart Worksheet.

Check question A to see if the "Is this activity a qualified trade or business" question is answered Yes or No.  You want it to say No, so make sure that is selected.  Next, see if the box is checked  for  "This rental qualifies as a business under the safe harbor requirements of Notice 2019-07".  You do not want it to be checked.

While you are in that section, also notice under that same question A which QBI Component sheet is linked to that Schedule E wks.  It may help to delete any existing QBI Component worksheets, especially if they are aggregated (i.e., both Schedule E wks forms use the same QBI Component worksheet).

After doing this for both rental properties, your issue should be resolved, unless there is something else in the tax return generating QBI, such as a box 5 Section 199A dividend on a Form 1099-DIV.  You can check for this in the QBI Ded Summary form while in Forms mode.

@Donna44

Many are asking why TT is generating this form. If we delete the form, TT adds it back. Is this a form that the IRS insists on having with our taxes? If so, why. If not, why is TT adding it, and adding it back when deleted. I have zeros, so not sure why the form is there. I too found that where the zeros have to be deleted from the worksheets, then delete the form, and then it might stay deleted. TT seems fairly insistent on including this form. Does the IRS expect it? Even with a zero, the form generates.

That form is required if you report any business income, including dividends. 

IRS Form 8995-A

Interesting;  As for 8995 and 8995-A (not sure what is the difference), but it seems to indicate for Qualified Business Income Deductions.  Not all are businesses, and many are getting this form having no business. Not everything is a Qualified business, nor are all "claiming" or want a business deduction. But the form is being attached/generated, and getting rid of it is not easy. Seems like even a zero generates the form. A blank is required, not a zero to get rid of the form. So is this a form the IRS wants to see on everyone's taxes?

No this is not a form IRS likes to see on everyone's taxes because it does lower taxable income if you qualify for the deduction. IRS would prefer if you pay more tax than less. If leaving this blank gets rid of the form, by all means leave the entry blank rather than putting a zero into the form just so you can move past this in your return.

How do I get rid of the Qualified Business Deduction.  I am not qualified.  Should I just start a new Tax Return.  I have Turbo Premier.

I had REIT/PTP income recorded in Box 5 of my 1099-DIV for a common mutual fund holding.  Some mutual funds, such as a Stock Index Fund, do have some percentage of holdings that generate this 199A income. You would probably have to call financial institution to get this information. Take a look at Community answer https://ttlc.intuit.com/community/taxes/discussion/i-clicked-on-199a-now-i-cant-get-it-off-my-taxes-and-turbo-tax-will-not-help-with-it-at-all/00/1605712#M570745  which led me to conclusion that I am eligible to claim QBI Deduction for 20% of this 199A mutual fund dividend income, and this does NOT require me to have a QBI business (actually I do, but that is besides the point). My QBI deduction for dividends is $1 but I do have other qualifying QBI. I would say just go with it if you're pressed to get your return filed, and if you're not sure, buy TurboTax Audit Defense and if IRS ever calls you out on this (and I imagine it would have to be a big deduction relative to your income) defer to TurboTax . Or if you don't trust TT-generated return then jump through the hoops to delete it. I suspect if you downloaded your 1099-DIV financial info, you are going to have to go into the Sch B or related form wks and delete the 199A amount shown in Box 5 so that TT does not automatically re-create form 8995A. I hate things like this discovered late in the game, that TT does automatically and does not provide sufficient explanation, but I hate even more things TT doesn't do that absolutely it should check (e.g. it doesn't check royalty depletion as percentage of income figured without depletion). My answer is based on what I have concluded from about half-hour of research.

The Section 199A dividend in box 5 of your 1099-DIV is eligible for the Qualified Business Income Deduction.

@brad92103

Delete the "qualified business inc deduction summary form"

None of these suggestions work.  I am using the online version, rather than a desktop version.  We do not want to file an 8995.  This has apparently been triggered by my entering a form 1099-NEC, which triggers a form 1040 Schedule C.  I have followed all instructions to delete the 8995 form, as well as the Qualified Business Income Component wkst and the Qualified Business Inc Deduction Summary.  The webpage says "Form Successfully Deleted" when I click on "Delete this form" for any of those three forms. But then they are NOT deleted from the list and are still there when I go back to the list where it shows all my forms.  So what now?  Am I just totally stuck and can't file (having already paid TurboTax to file)?  Is this an un-fixable error, or will it resolve after I wait for the IRS to approve a form that I do not want, and do not even need?  This is for a very small amount of side income from a 1099-NEC.