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Get your taxes done using TurboTax
I show Form 8995 is available per the forms availability FAQ.
If you're using the TurboTax CD\Download version, see Manually Update TurboTax for Windows Software (Basic, Deluxe, Premier, Home & Business)
Form 8995 Qualified Business Income Deduction Simplified Computation is used for the Qualified Business Income deduction (also called the QBI deduction, pass-through deduction, or section 199A deduction) was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025.
With the QBI deduction, most self-employed taxpayers and small business owners can exclude up to 20% of their qualified business income from federal income tax (but not self-employment tax) whether they itemize or not.
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‎February 9, 2021
11:42 AM