Form 8995

Forum|Forum|6 years ago
February 13, 2020
3 replies
0 views

What is the data source for Form 8995? TurboTax shows some REIT dividend or PTP income on this form, but I don't have either. I want to correct the error.

JamesG1

Level 15

Form 8995 will report qualified business income from many sources including those you mentioned.

Are you able to delete the form? See TurboTax help.

The form may not yet be available or fully functional until February 20, 2020.

See the forms availability here.

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rickschmidt52Author

Level 2

I have no business income. I've gone through the business income section twice to make sure nothing is entered there. I've reviewed all my other income sources and cannot find anything that matches the amount in Form 8995. Furthermore, there is no "left menu" with a Tax Tool on my version of TurboTax. I'm using the Mac version.

drd123

Level 2

Same problem here. And have tried about a DOZEN times to find "TAX TOOL" on the left hand side of ANY menu. It is not there in my TurboTax premiere ... FRUSTRATED

Questionasker

Level 5

I have encountered the same issue that you have, and just posted a similar question to the community. In other words my question is "where is the data from, which is being fed into line 6 on form 8995?" (Although I think your question was more succinct, but looks like same issue!)

rickschmidt52Author

Level 2

Yes, we are asking the same question. From where is TurboTax pulling the amount on Line 6 on Form 8995?

Questionasker

Level 5

Regarding deleting that form, I can't comment on whether you should delete it or not, but if you do would this work for you?

View > Forms and then when when in forms view, looking at that form, below it to the left are buttons that say Print, Delete Form, Close Form. Delete should delete it.

However I suspect the underlying problem is a bug, since I encounter the same or something similar to your situation.

albertd3

Level 2

Turbo Tax posted the Fed Tax number with my compay name as a line item on form 8995 rather than my social security number for the qualified business income. How do I correct this?