topic If I dont have business income why do i have to wait for form 8995 in Business & farm

If I dont have business income why do i have to wait for form 8995

caherman83 — Tue, 10 Feb 2026 10:04:06 GMT

Re: If I dont have business income why do i have to wait for form 8995

rjs — Sun, 14 Jan 2024 03:43:10 GMT

Do you have Section 199A dividends in box 5 of a 1099-DIV? That is qualified business income and requires Form 8995.

Re: If I dont have business income why do i have to wait for form 8995

caherman83 — Tue, 16 Jan 2024 13:46:59 GMT

No I literally only had a W-2 this year.

Re: If I dont have business income why do i have to wait for form 8995

JamesG1 — Tue, 16 Jan 2024 14:23:56 GMT

Are you using the same TurboTax account that you used to file your 2022 tax return?

And did your 2022 tax return include self-employment income on Schedule C?

If so, you may have carried forward the self-employment activity from last year when you created this year's tax return.

The self-employment activity may have generated IRS form 8995 or you may have a carryforward on IRS form 8995.

@caherman83

Re:No business income but TT printed Form 8995

ld1995 — Wed, 21 Feb 2024 21:38:00 GMT

It looks like there is a $1 on reit dividends on a mutual fund i have. Obviously no deduction. Is this necessary for this form?

Thanks in advance

Re: Re:No business income but TT printed Form 8995

DawnC — Wed, 21 Feb 2024 21:52:45 GMT

REIT dividends do qualify for the Qualified Business Income deduction, but as you stated, due to the amount, you won't qualify for any credit. TurboTax will generate Form 8995 because of the $1 in Box 5 of your 109-DIV. @ld1995

Re: If I dont have business income why do i have to wait for form 8995

billn3807 — Thu, 29 Jan 2026 19:16:44 GMT

I have a box 5 of 39.49 - don't know where this comes from

Re: If I dont have business income why do i have to wait for form 8995

billn3807 — Thu, 29 Jan 2026 19:20:02 GMT

figured it out.