I have a small amount of QBI from agriculture and also have some patronage dividends that are not agriculture related. According to IRS if...
"You aren’t a patron in a specified agricultural or horticultural cooperative" I should be able to use form 8995 which is already released. However, TTax must be seeing I have a patronage dividends and automatically routing me to form 8995-A. Any ideas how I could get around this?
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There doesn't appear to be any way around this, for exactly the reason you put forward.
According to the 2019 Instructions for Form 8995:
"Individuals … that have QBI use Form 8995 to figure the QBI deduction if…. [y]ou aren’t a patron in a specified agricultural or horticultural cooperative.
Otherwise, use Form 8995-A, Qualified Business Income Deduction, to figure your QBI deduction."
There doesn't appear to be any way around this, for exactly the reason you put forward.
According to the 2019 Instructions for Form 8995:
"Individuals … that have QBI use Form 8995 to figure the QBI deduction if…. [y]ou aren’t a patron in a specified agricultural or horticultural cooperative.
Otherwise, use Form 8995-A, Qualified Business Income Deduction, to figure your QBI deduction."
I found I had entered an amount for "Net income allocable to qualified payments from agricultural cooperative... " Once I cleared that out I'm back to form 8995 as hoped. Instructions are unclear on this.
Want to be clear... my 1099-PATR is NOT for qualified agricultural coop but TurboTax didn't give me the ability to declare that and assumed it was.
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