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?
You'll need to sign in or create an account to connect with an expert.
Should be fixed in a week or two. Delete amount in box 5 of your 1099-DIV if you can’t wait.
Should be fixed in a week or two. Delete amount in box 5 of your 1099-DIV if you can’t wait.
Has this been fixed yet with current updates?
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
igor5927
Level 2
tizzy2335
New Member
Stringerjj
Returning Member
user17643061879
New Member
XAM330
Level 3