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After you file
The form 8995 is used to figure your qualified business income (QBI) deduction. This form can be triggered by the following:
- Business income (1099 income);
- An amount in box 5 of a form 1099-DIV; or
- Form K1 from a Public Traded Partnership.
If you do not have any of these types of income, you can delete Form 8995 using the following steps:
- Click Tax Tools in the black bar on the left side of the screen.
- Click Tools.
- Click on Delete a form.
- Click the Delete box next to Form 8995.
January 20, 2021
9:35 AM