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Jack251
New Member

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.
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4 Replies
Anonymous
Not applicable

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

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. 

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

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.

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

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

DaveF1006
Expert Alumni

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

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.
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