Desktop Premire Form 8995-A and Schedule C

Hello Mydearman,

Line 2 on form 8995-A comes form qualified business income, (i.e SE income, k1 income, 1099-DIV income, certain trust and estate income etc.). 

If you have a QBI loss from 2022, it will go on form 8995, line 3

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All K-1 income are input but not showing on Line 2 therefore the loss netting is not calculated.

On K1 entries, did you answer and inputted all the info. about Section 199A/QBI deductions (Code Z, box 20 for 1065 and code V box 17 for 1120S? If those are missing, TurboTax will not calculated QBI. 

Yes.  all K-1 Box 20Z info have been input.  

Without looking at actual entries, it is hard to tell why TurboTax is not pulling in the QBI numbers to form 8995-A. For 2023, do you have overall loss or there is a net business income when combined from different sources?

Also do you see form 8995 or not? Please note 8995-A might not be generated depending on certain situations. See below.

Purpose of Form

Use Form 8995-A to figure your qualified business income (QBI) deduction. Include the following schedules (their specific instructions are shown later), as appropriate: