Form 8995 (for Federal 1040)

Forum|Forum|5 years ago
February 12, 2021
2 replies
29 views

What is the data source for Form 8995? For 2019 ProSeries automatically completed Form 8995 (QBI Deduction Simplified Computation). For 2020, there are no entries on Form 8995. If I try to enter any value it says that they are automatically calculated and I can only enter something with an override. But there is no clue from where the values for that form are computed.

ProSeries Professional

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Best answer by Just-Lisa-Now-

Figures flow to that form from self employment, K-1s or a 1099DIV that includes 199A dividends.

Just-Lisa-Now-

Answer

Intuit Community Champion

Figures flow to that form from self employment, K-1s or a 1099DIV that includes 199A dividends.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

A

acudzewiczAuthor

Level 2

Lisa. Thanks. I found out that I needed to complete Section D1 of the Schedule K-1 Worksheet (QBI Deduction- Statement A Information). That Section is not automatically populated by importing a K-1 from the 1120-S Form. If you don't manually complete that Section, the values are not transferred to form 8995.

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