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January 14, 2024
Question

If I dont have business income why do i have to wait for form 8995

  • January 14, 2024
  • 1 reply
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1 reply

rjs
January 14, 2024

Do you have Section 199A dividends in box 5 of a 1099-DIV? That is qualified business income and requires Form 8995.

 

January 16, 2024

No I literally only had a W-2 this year. 

January 16, 2024

Are you using the same TurboTax account that you used to file your 2022 tax return?  

 

And did your 2022 tax return include self-employment income on Schedule C?

 

If so, you may have carried forward the self-employment activity from last year when you created this year's tax return.

 

The self-employment activity may have generated IRS form 8995 or you may have a carryforward on IRS form 8995.

 

@caherman83 

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