It means that the calculations for the qualified business income deduction that use information from the K-1 have not yet been finalized.
Well at least you go the message "the qualified business income deduction (Section 199A) is not yet been finalized". I'm doing my business partnership and when I selected I'd like to take the QBI deduction, it did nothing and did not apply it. I didn't realize this until I started doing my personal return and noticed it. This error would have cost me over $1000! I couldn't figure out why it wasn't calculating and even did my taxes a second time thinking I may have missed something and after 3 hours with turbotax support being bounced around, they found this thread. TurboTax customer care had no notes no nothing no information about the QBI deduction delay. It's been almost two weeks since this has been posted and no fix? I almost filed my taxes since I did not receive a memo/pop up message. Is there an ETA when it will be finalized? This is crazy.
Yes the ETA for Form 8995-A, Qualified Business Income Deduction will be available 02/20/2020. Please view this link for verification.
Do you know when the software will be updated? I am still getting the same error as of today.
The forms have been released, but the on line version does not allow E-File as of 2.22.2020.
Oddly - when the return is printed - its complete, so this an on-line software issue. Fix ASAP or this will be my last year with TurboTax
Still not available as of 2/25/20, anybody know what's going on?
For the purposes of the qualified business deduction, these need to be reported on a 8995A. This form has not been released by the IRS.
Here is the latest updates on when the forms will be released by the IRS. Please review this IRS link. for information on the latest updates. Looks like 2/28/2020 for the 8995A form.
Per two conversations with their staff, this form will not be available until 2/28/2020
For the purposes of the qualified business deduction, these need to be reported on a 8995A. This form has not been released by the IRS.
Here is the latest updates on when the forms will be released by the IRS. Please review this IRS link. for information on the latest updates. Looks like 2/28/2020 for the 8995A form.
Note: If you use Turbo Tax Software and not the online version, you may wish to update before you finalize your return.
When will this be ready? I would like to file my return.
Form 8995A is now available. If you have TurboTax CD/Download, please check for updates within the program.
How do I update my TurboTax CD/Download software p ...
If you have TurboTax Online you can clear your cash and delete cookies. Also, try refreshing your browser and even try using a different browser. Then try accessing your form.
Here are two articles below that will show you how to clear your cache and delete cookies.