How to remove Form 8995 Qualified Business Income Deduction

Anopoli
Anopoli Member Posts: 2 Newcomer
in Filing my taxes

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.

Answers

  • JMSSGV
    JMSSGV Member, Star Posts: 303 image
    edited March 24

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

  • Anopoli
    Anopoli Member Posts: 2 Newcomer

    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.

  • MatthewD
    MatthewD FreeTaxUSA Admin, FreeTaxUSA Agent Posts: 901 image
    Hi Anopli,

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

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