topic QBI Deduction TT Premier 2020 in Deductions & credits

QBI Deduction TT Premier 2020

94530i — Mon, 28 Dec 2020 01:30:32 GMT

Trying to do end of year planning, but when I mock up 2020 taxes for S corp distribution to 1040, I don't see any QBI deduction on 1040 line 13, even when AGI < 326,600. It looks like form 8995 is not yet active, so just want to make sure I'm not missing something. Is the current version of 2020 TT that incomplete?

Re: QBI Deduction TT Premier 2020

zacknauth — Fri, 15 Jan 2021 17:49:02 GMT

I still don't see the QBI calc or form 8995, trying to find out myself

Re: QBI Deduction TT Premier 2020

Irene2805 — Fri, 15 Jan 2021 18:06:22 GMT

Form 8995 for 2020 returns has not yet been approved. For current information on forms availability, please click on this link: Federal forms availability [Note: Forms 8995 and 8995-A might appear in the middle of the list, not necessarily in numerical order.]