If Turbo Tax says a form 8995 will be available on 1/29/2021, does that mean I do not need to create one?

[breynolds549]

I wish I had known of 8995 form before I filed.  How can I fix this.

[DianeW777]

It depends.  

• If you have not filed your return yet, and you only need Form 8995, which is the simplified version, it is ready to go. 
• If you need any part of Form 8995-A, which requires more details, it is scheduled to be available today.  
• If you did file your return and you do not see the qualified business income deduction (QBID) on your return, you can amend your return. 
  • Look at line 13, Form 1040.

Do NOT amend until your original return has been accepted by the IRS and you should allow some time for them to process the return.

• Form 1040-X will be available on February 23rd.

Helpful information is in the links below.

• What is QBID?

@breynolds549