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Tags: federal,form
How do I get the QBI deduction on Form 8995A - How do I get the QBI deduction on Form 8995A, to populate on Form 1040 in SureFire?
Remove form 8995A from the return and add form 8995.
Per the IRS instructions see below if income is less than 160,000 use form 8995
Individuals and eligible estates and trusts
use Form 8995-A to figure the QBI deduction
if:
You have QBI, qualified REIT dividends,
or qualified PTP income or loss; and
Your 2019 taxable income before your
QBI deduction is more than $160,700
($160,725 if married filing separately or a
married nonresident alien; $321,400 if
married filing jointly); or
Youre a patron in a specified agricultural
or horticultural cooperative.
Otherwise use Form 8995, Qualified
Business Income Deduction Simplified
Computation, to figure your QBI deduction.
Tags: federal,form