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Form 8895 was filed on my taxes when I do not own a business, why was this done?

 
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7 Replies
MayaD
Expert Alumni

Form 8895 was filed on my taxes when I do not own a business, why was this done?

If you received a K-1 from a partnership or S-Corporation or received REIT dividend that could also trigger the Qualified Business Income (QBI) deduction (Form 8995A).

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munhofen
New Member

Form 8895 was filed on my taxes when I do not own a business, why was this done?

No, i did not receive either of those forms

JulieS
Expert Alumni

Form 8895 was filed on my taxes when I do not own a business, why was this done?

Form 8995 can be triggered by:

  • Form 1099-DIV with an entry in box 5.
  • A rental activity with active participation.
  • Form K-1 from an estate, trust, partnership, S-corporation or investment.
  • Self-employment activity.
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DLM2
New Member

Form 8895 was filed on my taxes when I do not own a business, why was this done?

Thanks, Julie! There was an amount in box 5!

Elysmom
New Member

Form 8895 was filed on my taxes when I do not own a business, why was this done?

I have 8895 form on my tax refund but do not own a business nor did I receive a 1099 or any forms asking for this information.

Anonymous
Not applicable

Form 8895 was filed on my taxes when I do not own a business, why was this done?

@Elysmom As long as you have not already filed or paid for your return, here is how you can Delete a form from your Turbo Tax online return.

arac93
New Member

Form 8895 was filed on my taxes when I do not own a business, why was this done?

hi, I have an entry in box 5. However, I don't own a business. Should I still send this form?

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