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Level 2

Question

QBI not appearing on 8995

Forum|Forum|2 years ago
April 8, 2024
5 replies
29 views

When entering business income, I answered yes for it being qualified, however when formatted 8995 was populated, it appeared as a zero.

Last year's return included.

Any ideas?

Thanks

TurboTax Home & Biz Windows

Level 15

If you had business losses in previous years, they can reduce your qualified business income (QBI) in the current year. For instance, if you had QBI carryover losses of $5,000 and your net business income in the current year was $4,000, your QBI income for that business would be $0 for the current year.

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Level 2

Thanks for the info. I did not have losses during the year. It just seems there is a bug in the software. The line item appears on the form 8995, however it is listed as $0.

Thank you

user17731160172

Level 2

Doing tax return for 2025 with Turbotax Desktop and I have the same issue. Tried everything and can’t fix. QBI shows as $0.