ThomasM125
Expert Alumni

Business & farm

You may have a qualifed business income (QBI) loss carryover from a previous year. It can only be deducted against QBI in future years, so if you don't anticipate having business income in the future you can delete the form 8895. Also, if you have K-1 schedules the income reported there may be considered QBI.

 

To delete a form in TurbTax, follow these steps:

 

  1. Click on Tax Tools in the left menu bar
  2. Click on Tools
  3. Look under Other Helpful Links and choose Delete a form

 

Find the form or schedule you want to remove in the list and click on the delete icon to remove it.

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