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Business & farm
Why do you want to delete Form 8995? TurboTax is generating it because you are entitled to the QBI deduction. As long as you have Qualified Business Income, TurboTax is going to keep recreating the form.
The Qualified Business Income might be coming from Section 199A dividends in box 5 of a Form 1099-DIV. If so, after you enter the 1099-DIV the next screen asks whether certain uncommon conditions apply. One of the conditions is that some of the Section 199A dividends do not meet the required holding period. If you check that box, on the next screen you can say that the amount that does meet the holding period is zero. That will remove Form 8995 and the QBI deduction. Doing that will probably increase your tax or reduce your refund.
‎January 5, 2022
11:54 AM