When will form 8995 be uploaded. It says 1/19/2023. Today is the 19th

Go to this TurboTax website for Federal and State forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

First the day is not over yet.  Next dates are only estimates and subject to change/delays. And did you need the  8995 or the 8995-A ?  Check the chart in the last post. 

What is the purpose of 8995. I do turbo tax on line

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The Qualified Business Income Deduction, also known as the Section 199A deduction, allows owners of pass-through businesses to deduct up to 20% of their share of qualified business income. This measure that was created by the Tax Cuts and Jobs Act applies to a few common business structures including:

• Sole proprietorships
• Limited liability companies (LLCs)
• S corporations
• Partnership

To claim the deduction on Form 1040, there are two potential tax forms. Form 8995 is the simpler option, but it's only available to taxpayers who qualify.

 

According to the TurboTax Link below, this Form will be available on 1/26/2023. Please click on "this tool" in the link for additional updates.

 

Forms Available

 

If you do not qualify for Form 8995 you can Delete the Form as follows:

1. Under Tax Tools, choose Tools.
2. Choose Delete a Form.
3. Scroll through your return until you find QBI worksheets, and click Delete to the right of the form.
4. Confirm that you wish to delete the form.

@Dk38

 

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