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How can I remove QBID?

Qualified Businness Income Deduction is noted yet I never entered any information related to this. I need it removed before I can file.
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1 Reply
ThomasM125
Employee Tax Expert

How can I remove QBID?

You can delete Form 8995 to remove the Qualified Business Income (QBI) deduction from your return if you are sure it doesn't apply to you. Here are the steps:

 

1. Choose the Tax Tools option on your left menu bar while working on your return

2. Choose Tools

3. Choose the Delete a form option under Other Helpful links 

4. Find the Form 8995 in the list and delete it

 

Also, the QBI income can come from your ownership in investments such as partnerships, S corporations and real estates investment trusts. So, you may want to review your entries to insure you don't have QBI that may be giving you a deduction. You would see the QBI deduction on line 13(a) of your Form 1040. 

 

To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done

 

 


 

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