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New Member
posted Jun 22, 2020 2:46:15 PM

I seem to be getting erroneous QBI deduction. What is datasource for QBI Ded Summary line 9? Mine has a number in it, but none of the 3 source forms exist

This is in TT Deluxe Form 1040. Seems to be erroneous entry in this worksheet (QBI Ded Sum) that I can't remove, and don't know how it got there.

0 4 332
4 Replies
Not applicable
Jun 22, 2020 6:48:54 PM

did you receive dividends from a REIT (box 5 on form 1099-Div) or have net income from a publically traded partnership? either or both qualify for the QBI deduction. 

Level 2
Feb 20, 2025 6:16:33 PM

I have the same problem.  The form shows $97 for line 9.  My K-1 were related to business income from an S-Corp.  I have no idea where the $97 came from.

Level 2
Feb 20, 2025 6:19:56 PM

Oops - The data sources for line listed K-1s, but it apparently flowed through from a 1099-Div.

Expert Alumni
Feb 21, 2025 4:25:58 PM

At this point, try to delete the 8995 form from your return.  

 

To remove using Turbo Tax Online:

 

  • go tax tools
  • tools
  • delete a form 
  • delete form 8995

if using Turbo Tax Desktop:

 

  • open your return
  • go to the forms mode in your return
  • Find form 8995 and delete it.