How to remove Form 8995 Qualified Business Income Deduction

Question

Please advise how to remove Form 8995 Qualified Business Income Deduction. I have to pay for some capital gains and also doing a ROTH conversion but do not have a business. Thank you.

MatthewD · Answer

Hi Anopli,

I am sorry, but any 199A dividend will automatically generate the Form 8995 and there is no way to remove it.

Anopoli · Answer

Thanks for your reponse and  I understand that it is triggered by the 1099-DIV. However, I do not have a business and do not wish to claim the Qualified Business Income deduction. I found online that one can delete the form in TurboTax but can't find the same for Freetaxusa.

JMSSGV · Answer

Do you have Section 199A dividends on your 1099-DIV or consolidated brokerage statement? Those automatically generate a Qualified Business Income deduction.