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Tax Year Prior to 2020: Form 8995 line 6 - where does that value come from in TurboTax?

There is no click through when viewing the forms view to see where that value is coming from.  I don't know why there is a $92 value on line 6 of form 8995, which relates to "Qualified REIT dividends and publicly traded partnership (PTP) income or (loss)" There were no REIT dividends or PTP income relating to my business. (Income was 0)  Any advice on how or where to figure out where that information is being fed from?  (In other words, where is that data coming from?--in the TurboTax interview and/or from another form)

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4 Replies

Tax Year Prior to 2020: Form 8995 line 6 - where does that value come from in TurboTax?

I found the answer to the question.  That data is being pulled from Form 1099-Div Box 5.   (In other words I can see amounts in Form 1099-Div Worksheets box 5 for several funds, and the total of those box 5 values add up to the amount showing on line 6 of form 8995.  Not obvious to me at first, but that explains it!)

edey4
Returning Member

Tax Year Prior to 2020: Form 8995 line 6 - where does that value come from in TurboTax?

I understand this is a glitch in Turbo Tax but how do I get past it to file my return

VictorW9
Expert Alumni

Tax Year Prior to 2020: Form 8995 line 6 - where does that value come from in TurboTax?

Check out the following links for detailed instructions on how to complete form 8995.

 

https://www.irs.gov/pub/irs-dft/f8995--dft.pdf

https://www.irs.gov/pub/irs-dft/i8995--dft.pdf

https://www.irs.gov/pub/irs-dft/f8995a--dft.pdf

https://www.irs.gov/pub/irs-dft/f8995aa--dft.pdf

 

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Tax Year Prior to 2020: Form 8995 line 6 - where does that value come from in TurboTax?

Why do you think this is a glitch in Turbo Tax?  1099-DIV box 5 is Section 199A Dividends which are dividends from domestic real estate investment trusts (“REITs”) and mutual funds that own domestic REITs, so it is being correctly reported on form 8995.  You probably have mutual funds that have REIT dividends.

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