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Can I clear a QBI Deduction added due to 199A Dividends?

I have Fidelity securities that produced Section 199A Dividends. TurboTax 2019 created a QBI Deduction form as a result. But TurboTax 2019 now says I "cannot file your return at this time. This will be supported in a subsequent release." because of the QBI Deduction form.

 

So, I assume that subsequent release will be soon, right? Soon enough for me to file for 2019?

 

But the deduction is only $7 anyway. I'd rather just zero it out and file now. Since it's a deduction, that would be my call to make, right? But what exact changes should I make to this QBI Deduction Summary form in order to satisfy Turbo Tax and let me file, while still being fully legit in how I file my taxes?

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1 Best answer

Accepted Solutions

Can I clear a QBI Deduction added due to 199A Dividends?

Should be fixed in a week or two. Delete amount in box 5 of your 1099-DIV if you can’t wait. 

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3 Replies

Can I clear a QBI Deduction added due to 199A Dividends?

Should be fixed in a week or two. Delete amount in box 5 of your 1099-DIV if you can’t wait. 

jcuriale
New Member

Can I clear a QBI Deduction added due to 199A Dividends?

Has this been fixed yet with current updates?

JamesG1
Expert Alumni

Can I clear a QBI Deduction added due to 199A Dividends?

Check here to see whether Form 8995-A, Qualified Business Income Deduction is currently available in your TurboTax version.

 

In some versions, it is scheduled to be available on February 20, 2020.

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