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New Member
posted Jan 6, 2020 11:15:46 AM

Hello ! What is Form 8995?

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1 Best answer
Expert Alumni
Jan 6, 2020 11:38:44 AM

IRS form 8995 is the Qualified Business Income Deduction Simplified Calculation.  It would be used in your federal return if you have any Qualified Business Income.  There are several forms that the IRS has not finalized yet for tax year 2019, and the form 8995 is one of them.  

 

Here is more information about the Qualified Business Income Deduction:  What is the Qualified Business Income (QBI) deduct ...

 

Plus, here is a list of current form availability in TurboTax: IRS forms availability table for TurboTax individual (personal) tax products

1 Replies
Expert Alumni
Jan 6, 2020 11:38:44 AM

IRS form 8995 is the Qualified Business Income Deduction Simplified Calculation.  It would be used in your federal return if you have any Qualified Business Income.  There are several forms that the IRS has not finalized yet for tax year 2019, and the form 8995 is one of them.  

 

Here is more information about the Qualified Business Income Deduction:  What is the Qualified Business Income (QBI) deduct ...

 

Plus, here is a list of current form availability in TurboTax: IRS forms availability table for TurboTax individual (personal) tax products