topic Re: Delete Form 8995 in Get your taxes done using TurboTax

Delete Form 8995

Levy1938 — Thu, 02 Apr 2020 22:00:15 GMT

I have tried everything the community suggests and nothing works to delete Form 8995. What am I supposed to do, use another tax provider. I figured I had better help with turbo tax, and I guess I don't. And according to your questions I am not the only one with the problem and Turbo Tax isn't helping.

Re: Delete Form 8995

ReginaM — Thu, 02 Apr 2020 22:27:29 GMT

I am sorry you are having trouble deleting Form 8995. Did you try these steps (you probably did... but just to make sure),

While in your Tax Home,
Select Tax Tools on the left hand side of your scree
Select Tools,
Select Delete a Form.

Hope this helps!

Re: Delete Form 8995

Levy1938 — Fri, 03 Apr 2020 00:49:44 GMT

Your answer did not help me. I do not have a Delete form under my tools.

Re: Delete Form 8995

VictoriaD75 — Fri, 03 Apr 2020 03:02:23 GMT

Form 8995 is for Qualified Business Income deductions. What is driving this form on your return? If you have dividends reported in box 5 of a 1099-DIV, this may be creating the form for you. The dividends are already included as part of ordinary dividends in box 1, so they can be deleted out of box 5 if you would prefer to remove this form and not take the deduction.

If you have several QBI Components (from Sched C or E) and are having trouble with the program bringing up unwanted schedules for Form 8995-A, try deleting the QBI Component Worksheet. The program will generate new Component Worksheets for EACH component. All schedules related to Form 8995-A will go away.

Re: Delete Form 8995

ughwhy — Sat, 13 Jun 2020 17:40:29 GMT

I have the same issue. Deleted a business from 2018, no qualifying QBI and still they won't get rid of 8995 for me and won't allow me to submit. I have a feeling it's either a glitch, or they're trying to force us to upgrade TurboTax versions *only* to be able to delete a form or something. Regardless of why, it's extremely annoying and now I'm going to have to find a way to submit on my own as TurboTax forum support is simply inadequate for situations like these. Terrible.

Re: Delete Form 8995

VictoriaD75 — Fri, 19 Jun 2020 12:57:40 GMT

It is possible you are receiving dividends from a REIT (Real Estate Investment Trust), which qualifies for a Section 199A deduction. This does not mean you had Qualified Business Income (QBI), but you could qualify for the deduction. REIT dividends are reported on a Schedule K-1 or in box 5 of the 1099-DIV. The import from your mutual funds may have reported these transactions.

Under Tax Tools, choose Tools
Choose Delete a Form
Scroll through your return until you find QBI worksheets, click Delete to the right of the form
Confirm that you wish to delete the form

Re: Delete Form 8995

ughwhy — Sat, 20 Jun 2020 22:08:01 GMT

Thank you for the reply. I do have a "0" value in 1099-DIV (though nothing else ever put in there in any year). I must have a glitch going somewhere. Any schedule C forms were deleted with removal of the business. It seems form 8995 remains but no ability to remove 1099-DIV value nor 8995. There are no other QBI forms to delete. It's just 8995 hanging blank and alone with no ability to move forward in the process. Seems I'll either need to start over entirely without importing from previous years, or print and send manually without involving TurboTax in the process at all as the program won't even let me move forward with sending offline.

Re: Delete Form 8995

Rach_S — Tue, 25 Aug 2020 08:37:52 GMT

I too am having a similar issue. I think there is a glitch in the application. I had created Form 8995 by mistake, and am now unable to delete it. Having spend $70 + tax on this software, and unable to file your return is very annoying. I tried deleting the Form 8995 and its worksheet, but that option is not working. Does Turbo tax have any support to sort out these issues?

Thanks

Re: Delete Form 8995

Rach_S — Tue, 25 Aug 2020 09:30:42 GMT

Maybe too late to be of any help to you. But this entry maybe coming from your 1099-DIV's Item 5 which reads as 'Section 199A'. This amount shows up on Form 8995, and you can update this entry to '0' and see Form 8995 go away. As long this entry (item 5) on 1099-DIV is there, Form 8995 cannot be deleted.

Re: Delete Form 8995

ughwhy — Tue, 25 Aug 2020 20:59:17 GMT

Thanks for the effort here, Rach_S. There may be another issue/solution you've found. For me, I think it was a bug of some kind, or an issue with other versions of the Turbotax software I had installed on the computer I was using. I had to try again from scratch and without importing on a new/reformatted machine and it ended up working without issue from there. Not ideal but satisfactory for this year. I do think stuff like this and intuit's poor support surrounding these issues is reason to switch to another product, or ideally reason to push congress away from taking their money to keep us paying for products like these instead of providing a cost-free filing option. https://www.propublica.org/series/the-turbotax-trap

Re: Delete Form 8995

smarterresumes — Sun, 24 Jan 2021 22:41:35 GMT

There is absolutely no button that says "tax tools" while I am in "tax home". What is going on with your organization? Your suggestions are wrong. Also, I paid extra to have access to more help. How do I get it?

Re: Delete Form 8995

smarterresumes — Sun, 24 Jan 2021 22:44:49 GMT

Here we go again, where can I find QBI form?

Re: Delete Form 8995

smarterresumes — Sun, 24 Jan 2021 22:45:58 GMT

I do not have a "Tax Tools" button shown on the "Tax Home" page.

Re: Delete Form 8995

smarterresumes — Sun, 24 Jan 2021 22:47:02 GMT

I only show "Tax Home" and "Documents" below the "Tax Home" button.

Re: Delete Form 8995

DoninGA — Sun, 24 Jan 2021 22:50:19 GMT

@smarterresumes wrote:

I only show "Tax Home" and "Documents" below the "Tax Home" button.

You have to access your 2020 online tax return by clicking one of the boxes shown on the page. Then the links on the left side column will be available.

Re: Delete Form 8995

rhythmicone — Fri, 29 Jan 2021 03:11:35 GMT

The tax tools answer is the solution to form deletion. But the key thing missing to her answer is those tools can only be found through an actual browser. I was able to find them simply by using iPhone’s browser.

Re: Delete Form 8995

rhythmicone — Fri, 29 Jan 2021 03:13:41 GMT

Use an actual browser to find the tools. Problem solved.

I found them simply by using iPhone’s default browser.

Re: Delete Form 8995

jchmcl09 — Sat, 30 Jan 2021 01:02:57 GMT

I need tp delete this 8995 but I can't find the Tax Tools or the drop down people are talking about. I need very elementary step by step instructions to do this. I have the Deluxe product. Last year, I had Premier

Thanks so much

Re: Delete Form 8995

AmyC — Sat, 30 Jan 2021 02:07:04 GMT

f the program wants you to take a tax credit, chances are you should take it. If you are trying to delete this form but you have something that triggers it, the program will want to replace it. Please be sure you have no investments with sec 199a dividends, no K-1, no rental, no business before deciding to delete this form.

See:

As for deleting the form 8995, the directions in How to Delete seems insufficient. Instead of the app, you should be logged into the program at www.turbotax.intuit.com

@jchmcl09

Re: Delete Form 8995

900884 — Tue, 16 Feb 2021 16:40:23 GMT

ready to efile but on checking I find that TurboTax has filled out form 8995 and I get a $1 credit.

The problem --I do not have a business and need to have this form deleted