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Level 2
posted Mar 24, 2024 8:58:46 PM

Still the dreaded 8995 QBI Deduction in 2024 edition

I don't want an explanation of why it may apply. I simply don't want to take it. Period. I am signing my name to the form as self-prepared. TT has no business forcing me to apply this deduction. It is borderline fraud because I am being forced to take a deduction I would not elect to take and there is no way to delete it without changing a 1099 or other forms to "fudge" the numbers and trick the software into deleting it. Ridiculous.
The live support folks have been great but the software quality has gotten significantly worse each year. May want to pay some better programmers

 

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1 Replies
Employee Tax Expert
Mar 25, 2024 11:42:03 AM

Please clarify if you have answered No to the question "Is this Qualified Business Income?" for every business, rental, and K-1 on your return?