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TonyCo1
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Form 8995 - QBI income on schedule K-1 but total Taxable income exceeds maximum

If I have QBI income on my K-1 but total taxable income exceeds the maximum amount and therefore - there will be no QBI deduction - do I need to submit an 8995 form regardless.

 

If so - should the form be blank other than taxpayer name?

 

If not, should I delete the form currently in TT as to be filed with IRS (currently form is blank even though I have entered info in the step by step approach and data appears in the TT Qualified Business Income Component worksheet).

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Form 8995 - QBI income on schedule K-1 but total Taxable income exceeds maximum

if you're efiling just leave it. it's not possible to permanently delete the 8995 without deleting the 199A info entered in the k-1.

 

if mailing just pull the form 

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