1114950
Turbotax is blocking me from proceeding with my federal return with the following error.
"Qualified Business Inc Deduction Summary: Total REIT dividends - If the only 199A income is REIT dividends from one or more 1099-DIVs and your taxable income is over the threshold for your filing status ... then you cannot file your return at this time. This will be supported in a subsequent release."
In the "Qualified Business Income Deduction Summary", which is getting flagged, it's flagging line 9 for "Total REIT dividends". I suspect it's sourcing this value from one of my 1099-DIV forms from mutual fund investment.
How do I fix this? I don't even run a business and am employed. I've spent 2 hours going through the forms and this is incredibly frustrating.
Thanks in advance.
You'll need to sign in or create an account to connect with an expert.
@jdazer wrote:How do I fix this? I don't even run a business and am employed.
This could be a result of the fact that Form 8995-A has not been finalized and incorporated into the program at this point in time.
Form 8995-A is scheduled to be released (in an update) on 2/20/2020.
I see. Thanks for pointing this out. I hope this is resolved by then.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Omar80
Level 3
Once a year Accountant
Level 3
HNKDZ
Returning Member
jjon12346
New Member
user17550208594
New Member