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D
d0tkevin
March 18, 2024
Question

Unable to delete Form 8995 or Qualified Business Deduction Summary. Tax Tools | Delete Form menu I can click 'Delete Form' but after confirming they are still there.

  • March 18, 2024
  • 1 reply
  • 0 views
I had a carry over K1 that I deleted manually during the Income section. I see an $8 charge within the 1040 preview but these two forms persist on my tax form after deleting.

1 reply

J
JamesG1
March 18, 2024

IRS Form 8995 computes the Qualified Business Income Deduction and should reduce your tax burden by reporting a deduction on line 13 of the Federal 1040 tax return.

 

You can identify the income that is generating IRS form 8995 by reviewing the income listed under line 1 of the form.

 

 

 

If you can identify the source of the Qualified Business Income, you can delete the income to remove the Qualified Business Income Deduction.

 

See also this IRS Publication.

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