Forms availability states that IRS form 8995 and 8995-A are currently available.
I prepared a tax return with self-employment income in TurboTax Online Self-employed. The software generated IRS Form 8995 Qualified Business Income Deduction.
See also this TurboTax Help.
The Qualified Business Income Deduction can be generated from one of two components.
- The QBI component can result from a sole proprietorship, partnership, S corporation, trust or estate. The first component would likely be reported on Schedule C, Schedule E, Schedule F or a K-1.
- The REIT / PTP component can be generated from qualified real estate investment trust (REIT) dividends or qualified publicly traded partnership (PTP) income. The second component could be reported on 1099-DIV or a K-1.
What kind of income is generating IRS Form 8995?
See also this IRS Publication.
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