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Where to enter business name for QBI form 8995

On form 8995 (Qualified Business Income Deduction - Simplified Computation) it's not showing anything on Line 1, unlike last year. In the corresponding TurboTax Easy Step I see "n/a" for the Business Name (see attached). On both the form and this section I'm unable to edit it directly (double-clicking on these areas does nothing). Where can I update the name?

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6 Replies
DawnC
Employee Tax Expert

Where to enter business name for QBI form 8995

If you have the desktop software, go to your Schedule C, and scroll down to line C - and type in the name of the business.   That will replace your name with the name you type there on Form 8995.  

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Where to enter business name for QBI form 8995

I did that just now (via Forms viewer), and saved it, but it's still showing n/a at the QBI Easy Step section and an empty Line 1 on form 8995.

DawnC
Employee Tax Expert

Where to enter business name for QBI form 8995

Did you add the name to Schedule C Line C?   Whatever is on that field flows to 8995.  See images below.  

 

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Where to enter business name for QBI form 8995

Actually it seems my form 8995 is not even included in the PDF exports (including all forms & worksheets version) although an amount is referenced in form 1040 line 13... On form 8995 there's nothing until line 6 (Qualified REIT dividend and PTP income Smart Worksheet). This differs from last year when there was stuff above that on the form too.

Where to enter business name for QBI form 8995

Yes, I did, but it did not appear in 8995.

Where to enter business name for QBI form 8995

I'm actually going to leave it blank because this business didn't have a separate name last year (I started a single-member LLC earlier this year so this will be a change for tax year 2025), and it seems nothing is supposed to be entered there if it equals my name. It's just a discrepancy that in tax year 2023, line 1 on form 8995 had my name, SSN and QBI value in columns a-c, but this year those are blank.

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