Image Description Support Center

Our Support number is: 1-800-516-9442
<- Back to Main Page

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