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Level 1
April 27, 2021
Question

Does anyone know if/how you can suppress the Form 8995 for the QBID? - Retiree had qualified dividends (sec 199A box5) but she's retired - no business income.

  • April 27, 2021
  • 1 reply
  • 12 views
System automatically generates the form.
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1 reply

PhoebeRoberts
Intuit Community Champion
April 28, 2021

She's entitled to the QBI deduction. Think of it as a way of calculating a lower effective tax rate on REIT dividends.