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New Member
posted Jan 10, 2020 12:05:41 AM

Completed my taxes with income of only W2. When i go to file turbotax is telling me Form 8995 Qualified Business Income deduction simplified calculationimnotusingbizincom

im not using any business income so im confused as to why i cant efile yet   .what am i doing wrong that form 8995 is coming up

0 2 412
2 Replies
Level 15
Jan 10, 2020 6:26:00 AM

Delete the Form 8995.  Click on Tax Tools on the left side of the screen.  Click on Tools.  Click on Delete a form

Level 2
Feb 22, 2020 11:11:15 AM

I am having a similar problem - Form 8995 is being completed even though I have never had business income. Further, it is coming up with a 5 dollar deduction by multiplying 20 pct times a previous line that is 0. Deleting the form does not seem to correct line 10 on Form 1040.