JamesG1
Expert Alumni

Get your taxes done using TurboTax

Does line 16 or 17 of the IRS form 8995 Qualified Business Income Deduction report a carryforward from the previous year?  If so, the carryforward will follow you until the carryforward is used up.

 

Line 1 of the form will report which income is generating qualified business income.

 

Remove that income from your tax return and you are able to remove the form.

 

 

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