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pcnyc
Returning Member

How can I fix TT not calculating phased in reduction on 8995-A even though my taxable income is within the range?

I am not an SSTB, have no REIT, using TT Home & Business.
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1 Reply
ThomasM125
Expert Alumni

How can I fix TT not calculating phased in reduction on 8995-A even though my taxable income is within the range?

You would have to inspect form 8995 line by line to see where your anticipated deduction is not being allowed. Line 1 would list your QBI from your interest in businesses, which is combined with your carryover loss in line 3 to arrive at your total QBI. Lines 6 and 7 list your REIT dividends and publicly owned partnership income. Line 12 lists your net capital gains. If one of the amounts looks wrong, you would have to investigate that item further.

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