I Removed the QBI Deduction from My Return, but Am Getting an Error Message and Cannot Continue to File My Return
If you have removed the Qualified Business Income (QBI) deduction from your tax return and are encountering an error message when trying to file, this is a common issue. The system may still display a Non-Critical Error on the Tax Summary page, even after removing the QBI deduction.
How to Resolve the Error
- When you reach the Tax Summary page and see the error, select “Ignore and Continue”.
- This will allow you to proceed with filing your return without interruption.
- The error is non-critical and does not affect the validity of your return if you have correctly removed the QBI deduction.
How to Remove QBI Deduction and Form 8995 / 8995-A
- Go to the Deductions section in your tax software.
- Click Show More next to Qualified Business Income Deduction - Form 8995 / 8995-A.
- If you previously added a business activity for QBI, click the red trash can icon to delete it.
- Save your changes and select Done with Qualified Trade or Business activity.
Important Notes
- The QBI deduction is only available if you have taxable income and qualified business income.
- If your taxable income is $0, no QBI deduction can be calculated.
- For individuals with taxable income before QBI deduction of $197,300 or less (or $394,600 if married filing jointly), use Form 8995.
- If your income exceeds these thresholds, use Form 8995-A.
Source:
Form 8995-A
Form 8995
Disclaimer: Always verify information with official Federal or State Department of Revenue Forms and Instructions.