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New Member
posted Apr 15, 2024 5:55:30 PM

Why was form 8995 added to my return

I do not have a business of any kind however I have a form 8995 added to my return and it will not let me delete it

0 1 1917
1 Replies
Expert Alumni
Apr 16, 2024 10:11:51 AM

Does line 16 or 17 of the IRS form 8995 Qualified Business Income Deduction report a carryforward from the previous year?  If so, the carryforward will follow you until the carryforward is used up.

 

Line 1 of the form will report which income is generating qualified business income.

 

Remove that income from your tax return and you are able to remove the form.