I have a rental that is managed by PM, so I definitely put in less than 250 hours per year. So I do not think I am qualified for QBI. So when I was asked the three questions:
"Do you want to take the QBI safe harbor?"
"Is this Qualified Business Income?"
"in 2021, did you have any activities... had income attributable to SSTBs",
I put all negative answers. But at the end I still got several dollars QBI deduction and form 8995. How should I delete these?
If you're using TurboTax Online, go to Tax Tools > Tools in the left-side menu, then choose 'Delete a Form' from the pop-up screen.
Delete Form 8995 and any other QBI Worksheets.
If the Form 8995 comes back into your return, your QBI deduction could also be related to a Schedule C, a K-1, or a 1099-Div entry.
If this applies, here's more info on Why Am I Getting a QBI Deduction.
Thanks. Finally found out I do have $15 section 199a dividend in fidelity 1099-div, which generates $3 deduction in Form 8995. I know this is favorable to me, but is it ok to delete this $15 dividend and not take the deduction? I just do not think $3 is worth for extra forms and involvement in sth related to "business". Will IRS care about this "mistake" even if I opt to take less deduction?
No, the IRS has a rule about the accuracy of tax returns.
You must make every effort to include all income in your tax return.
So, your $3 will not raise an eyebrow.