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Level 2
April 6, 2026
Question

form 8995

  • April 6, 2026
  • 2 replies
  • 3 views

TurboTax generated a form 8995 with values that I cannot determine where they came from. How do I find out the values origin and how do I delete them if they are erroneous?

    2 replies

    Level 15
    April 6, 2026

    It depends. Are  you self employed?  If so, then this form applies to you. Make sure you don't need it before trying to delete it.

     

    This form relates to the qualified business income deduction (QBID). See the instructions to see if it applies to you.

    TurboTax Online:

    1. From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
    2. Select Tax Tools 
    3. On the drop-down select Tools 
    4. On the pop-up menu titled “Tools Center”, select View Tax Summary 
    5. On the left sidebar, select Preview my 1040  - Scroll to line 13 to see your deduction.

    Once your return is finished you can print Form 8995 to see the income and calculated deduction.

     

    TurboTax Desktop:

    1. Select Forms in the top right
    2. Select the Form 1040 - Scroll to line 13 to see  your deduction
    3. Select Form 8995 to see the income and the calculated deduction 
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    Mike9241
    Level 15
    Level 15
    April 7, 2026

    What lines on the 8995? line 9 is QBI/199A dividends that flow from line 5 of 1099-DIV

    or might even be a flow through from a k-1.   

    Mike9241