mojoe9
New Member

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This may help because I ran into the same situation with a client.  The client, a minister, received a small amount of schedule C income from weddings, funerals, etc.  The negative number on Form 8895 came from totaling the following figures (using round numbers for the example):

 

Net Schedule C Income: $600

(less deduction for 1/2 of SE Tax on Schedule 1, Line 14): ($6500)*

QBI Loss on Line 1, column C of form 8995: ($5,900)

 

*Self employment tax was $13k because of wages and housing allowance

 

So, this at least explains where the negative number comes from.  Hope this helps.