sfnole21
Returning Member

Not wanting to take the Qualified Business Income Deduction. Unable to delete form 8995

I have read various threads on this topic and am a little frustrated with the Turbo Tax Software. I have an immaterial Section 199A dividend coming in from a 1099-DIV and Turbo Tax is calculating a $1 Qualified Business Income deduction. For a variety of reasons, I would prefer not to take this $1 deduction. I go into the Turbo tax software in Form mode and attempt to delete both the Form 8995 and the QBI Ded Summary but after hitting the delete button nothing happens and the forms stay. I believe this is because Turbo Tax is not allowing them to be deleted because of the 1099-DIV form showing the Section 199A dividend.

 

Does anyone know of a workaround to this problem as I would greatly like to not have to take this $1 QBI deduction.