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Why is TT generating a Form 8995 when I am not a business and have no loss carry forward??
I am not self-employed and the only income I had in 2023 was from early IRA withdrawals. The only other income I reported as a rebate from my local water company for a lawn conversion rebate of like $1100. Somehow, TT has generated a form 8995 with a $4K loss carry forward and I cannot figure out why it did it or if I need to correct something. I did not enter anything incorrectly, all of the income was scraped by TT diretly from 1099s that my financial institution sent when I did the wirhdrawals, I did not even do my taxes last year because I wasn't working. I am not going to go in and just delete form 8995 as I fully realize all of these forms are connected to inputs. I also don't want this to trigger an audit for an invalid reason. I saw another post about this a month ago and the person got no resolution - there are a number of past posts as well with also no resolution. Why is the qualified business form being created and should I leave it or??