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C
colt44huff
February 12, 2024
Question

Can someone help me concerning an error in Turbo Tax Home and Business 2024?QBI deduction from Form 8995 is not entering the correct amount to 1040 ?

  • February 12, 2024
  • 1 reply
  • 0 views
Look at Form 8995 for QBI deduction line 5 amount.  It is not reporting or allow me to enter the amount on Form 1040 line 13 ?  How do I edit 1040?  Using Turbo Home and Business 2023 software.  Thank you.

1 reply

J
JohnW152
February 12, 2024

There's no error.  Line 5 of Form 8995 isn't supposed to be carried over to line 13 of Form 1040. 

 

Line 5 of Form 8995, Qualified business income component, is only one part of the computation that's used in determining your qualified business income deduction.

 

Line 15 of Form 8995 has the amount that carries over to Form 1040, line 13.

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