Form 8995-A Schedule A

[64dancer]

I have consulting income and am within the phase in income. Therefore, I need to file Form 8995-A and Schedule A.

I can not figure out how to get Sch A to generate from Turbo Tax. Is there a question I missed regarding whether or not I am an SSTB?

[DaveF1006]

It depends. Schedule A will generate if your itemized deductions are over the standard deduction amount for the year. I am confused though, why do you need Schedule A? Do you need it to get your taxable income below  $163,300 (or $326,600 if you're filing jointly)? If it is already there, you don't need a Schedule A. If not, then you need to have enough itemized deductions that exceed your standard deduction to generate a Schedule A in your return.  Even with the Standard Deduction, if your taxable income is below $163,300 (or $326,600 if you're filing jointly), there is no need for a Schedule A. You will qualify for the QBI.

[64dancer]

I need the Schedule A (Form 8995-A), not the Schedule A (Form 1040). I need it because I have consulting income which is a Specified Service Trade or Business (SSTB). This Schedule actually reduces the amount of deduction I can claim because I am over the limit of $326,600 (but less than $426,600).

[64dancer]

I need the Schedule A (Form 8995-A), not the Schedule A (Form 1040). I need it because I have consulting income which is a Specified Service Trade or Business (SSTB). This Schedule actually reduces the amount of deduction I can claim because I am over the limit of $326,600 (but less than $426,600).

[PattiF]

Here is a link about SSTB in TurboTax. Maybe this will help you report your business as such.

[64dancer]

I know with absolute certainty my business is an SSTB. Other software packages ask the question. I just couldn't get Turbo Tax Premiere to ask me the question. After 3 hours on the phone with Turbo Tax last night, we discovered you have to use Turbo Tax Self-Employment in order to get asked the question.  Problem solved.