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klewis77
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I have rental real estate property. How do I get the income to populate into form 8995?

 
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JamesG1
Expert Alumni

I have rental real estate property. How do I get the income to populate into form 8995?

To compute the Qualified Business Income Deduction for rental property, follow these steps.

  • At the screen Review your xxx rental summary, click Done with rental property.
  • At the screen Any other situations, click Continue.
  • At the screen Your profit and loss results so far, click Continue.
  • At the screen Is this Qualified Business Income, click Yes.
  • Continue through several screens.
  • At the screen Great news!  You get a tax break. you see the amount of your QBI deduction.

 

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