topic QBI form 8995 vs. 8995-A in Get your taxes done using TurboTax

QBI form 8995 vs. 8995-A

turbokarst — Mon, 03 Feb 2020 22:02:20 GMT

I have a small amount of QBI from agriculture and also have some patronage dividends that are not agriculture related. According to IRS if...

"You aren’t a patron in a specified agricultural or horticultural cooperative" I should be able to use form 8995 which is already released. However, TTax must be seeing I have a patronage dividends and automatically routing me to form 8995-A. Any ideas how I could get around this?

Re: QBI form 8995 vs. 8995-A

JohnW222 — Wed, 05 Feb 2020 20:23:13 GMT

There doesn't appear to be any way around this, for exactly the reason you put forward.

According to the 2019 Instructions for Form 8995:

"Individuals … that have QBI use Form 8995 to figure the QBI deduction if…. [y]ou aren’t a patron in a specified agricultural or horticultural cooperative.

Otherwise, use Form 8995-A, Qualified Business Income Deduction, to figure your QBI deduction."

Re: QBI form 8995 vs. 8995-A

turbokarst — Wed, 05 Feb 2020 21:29:48 GMT

I found I had entered an amount for "Net income allocable to qualified payments from agricultural cooperative... " Once I cleared that out I'm back to form 8995 as hoped. Instructions are unclear on this.

Re: QBI form 8995 vs. 8995-A

turbokarst — Wed, 05 Feb 2020 21:33:36 GMT

Want to be clear... my 1099-PATR is NOT for qualified agricultural coop but TurboTax didn't give me the ability to declare that and assumed it was.