I have a loss on my rental property because of extensive repairs and I do a few mystery shops? I was shocked to see Form 8995a and would prefer to not deal with it. Is it possible to ignore it?
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Yes, you can just delete the form. However, if you receive a K-1 from a partnership or S-Corporation, that could also trigger the Qualified Business Income (QBI) Credit (Form 8995A).
If not, see if the form appears in your list of forms and delete it. To do this, please follow these steps:
TurboTax Online
TurboTax CD/Download
-follow this link for more information-
2020 Instructions for Form 8995-A - Internal Revenue Service
Problem - I'm not using Turbotax Online. I purchased the software at Costco. I don't see Tax Tools. Is there a way to delete from my downloaded version?
I see how to delete it! Thank you sooo much!
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