Hello, we weren't self-employed or owned any business last year, why do we have 8995 form generated? I tried to delete it and it kept generated back.

[Bsch4477]

Do you have an amount in box 5 of a 1099-DIV?  It might have come from that. 

[dduong23]

Yes, does it mean I need to file 8995 form as well? 

[Bsch4477]

TurboTax will do that for you automatically. 

[dduong23]

They did, but I was wondering if IRS really require me to file 8995 if 1099 DIV box 5 is not 0? I don't want to file unnecessary form unless required.  

[Bsch4477]

It’s required 

[dduong23]

Thank you for your advice.

This is what I get from IRS 

"Use Form 8995 to figure your qualified business income (QBI) deduction. Individual taxpayers and some trusts and estates may be entitled to a deduction of up to 20% of their net QBI from a trade or business, including income from a pass-through entity, but not from a C corporation, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income"

This is not a real estate investment trust (REIT) dividends or any of the mentioned above, so I'm not understanding why it is required. 

[Bsch4477]

The fund that gave you dividends did invest in an asset qualifying for that credit. It decreases your tax liability. If you don’t want the deduction just delete the amount from box 5 of that 1099-DIV.