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How to Edit Description Boxes on Aggregation of Business Operations Schedule B Form 8995-A

As I was doing my taxes this year, the Aggregation worksheet popped up at some point, and not fully understanding it, it asked me to

1. Provide a description of the aggregated trade or business ...

2. Has this trade or business aggregation changed ...

Not understanding the form at that point, the description I put in for the business is not accurate. When I realized this, I tried to edit the form directly via override - because I could not locate the trigger that prompted the form. TT won't accept the override, as it says it has "errors" ... but the override is just a description not numbers. How can I change this description in TT without creating errors? Thanks

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3 Replies
MarilynG1
Expert Alumni

How to Edit Description Boxes on Aggregation of Business Operations Schedule B Form 8995-A

Delete Form 8995 for the QBI (Qualified Business Income Deduction) from your return.

 

EDIT your Schedule B entry, to see if it repopulates Form 8995 properly. 

 

This deduction normally applies to Schedule E Rental Income or Schedule C Business Income.

 

If you have a Schedule B for Interest and/or Dividends, this may not apply to you. 

 

Click this link for more info on the QBI Deduction. 

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How to Edit Description Boxes on Aggregation of Business Operations Schedule B Form 8995-A

@MarilynG1 

Thanks, but this didn't seem to work ...

I deleted form 8895. When I went to edit the Schedule B, it still won't let me edit it unless I do "override" ... but if I do "override" it shows up as an error in the final check, and won't let me efile. The bug is on the QBI schedule B form itself.

 

Yes, this is for Schedule E Rental Income.

 

I've tried many different things for hours but it won't let me change Schedule B. Please advise, thanks!

How to Edit Description Boxes on Aggregation of Business Operations Schedule B Form 8995-A

I just figured it out. If you edit the information on the component, it transfers it to the 8995-A sheet, so you don't have to do the override. Thanks.

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