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caherman83
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
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.

 

L
ld1995
February 21, 2024

It looks like there is a $1 on reit dividends on a mutual fund i have.  Obviously no deduction.  Is this necessary for this form?

Thanks in advance

DawnC
DawnC
February 21, 2024

REIT dividends do qualify for the Qualified Business Income deduction, but as you stated, due to the amount, you won't qualify for any credit.   TurboTax will generate Form 8995 because of the $1 in Box 5 of your 109-DIV.   @ld1995 

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