topic I am trying to remove my rental property from Form 8995 but cannot find where to do it within Turbo Tax? in Investors & landlords

I am trying to remove my rental property from Form 8995 but cannot find where to do it within Turbo Tax?

ericbrunhouse — Fri, 05 Mar 2021 00:02:08 GMT

I do not want to claim my rental property as qualified business income.

Re: I am trying to remove my rental property from Form 8995 but cannot find where to do it within...

RayW7 — Fri, 05 Mar 2021 00:38:04 GMT

If you do not wan to claim the rental property as QBI then you can just delete the form 8995-A

In TurboTax online,

Sign in to your account, select Pick up where you left off.
To your left, Select Tax Tools/drop-down menu.
Select Tools.
Under Other helpful links, choose to Delete a form.
Select Delete next to Form 8995 and Continue with My Return to proceed.

If you need additional information about form 8995-A

About Form 8995-A, Qualified Business Income Deduction ...

Re: I am trying to remove my rental property from Form 8995 but cannot find where to do it within...

Carl — Fri, 05 Mar 2021 00:57:16 GMT

That's not quite enough, as either the 8995 will just "come back" or the program will mark it's absence as an error on the final review checks prior to e-filing.

You also need to edit the rental property and get to the rental summary screen. The one that asks for Property Profile, income, Expenses, Vehicle Expenses. On that screen click the "Done with Rental Property" button and work it through. One of the screens will have the selection on it for QBI. Select/unselect as needed, and then "CONTINUE" working through the screens until you are returned to the "Rental and Royalty Summary" screen. That should do it.