Skip to main content
Level 3
April 9, 2021
Question

Trust QBI on 8995

  • April 9, 2021
  • 1 reply
  • 13 views

A 2020 trust return  has a  QBI Loss carryforward from 2019 of $8K. 2020 QBI is $50K. Same activity, but the QBI is showing as $0 on Form 8995. The 2019 loss c/forward is waiting there to offset it, but how do I get my income to pull? I haven't changed any coding, and even created a "dummy" schedule C and Schedule F to see if those income figures would pull - no luck. What have I missed? TIA!!!

This topic has been closed for replies.

1 reply

PhoebeRoberts
Intuit Community Champion
April 9, 2021

Any distributions carrying out DNI? Is it possible that the QBI is being distributed to the bennies?

rochelleAuthor
Level 3
April 9, 2021

Ah, yes - it's a Simple trust. Do I reduce it for the loss carryforward?

PhoebeRoberts
Intuit Community Champion
April 9, 2021

No clue, sorry! I don't have any trusts with QBI.