Form 8995 "Qualified Business Income Deduction Simplified Computation" is used to figure your qualified business income (QBI) deduction. Individual taxpayers and some trusts and estates may be entitled to a deduction of up to 20% of their net QBI from a trade or business.
If this form does not apply to you, you can simply remove it from the program. Here are the steps:
In TurboTax online,
- Sign in to your account, select Pick up where you left off
- To your left, Select Tax Tools/drop-down menu
- Select Tools
- Under Other helpful links, choose to Delete a form
- Select Delete next to Form 8995 and Continue with My Return to proceed
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