confused about schedule C (form 8995-A)

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  • #6292
    jr_tx3
    Participant

    I am using turbo tax to file tax return. I have a few rental properties. It used to be just schedule E. for year 2018, I got QBI without any additional forms.
    for year 2019, Turbo Tax added Schedule C (form 8995-A) Loss Netting and Carry Forward.

    I’m confused because I never had to file schedule C before. even year 2018’s QBI didn’t require any special forms.

    I’d appreciate if anyone can elaborate a bit on this.

    #6295
    kaneohe
    Participant

    my impression is F8995-A is new for 2019. https://www.marcumllp.com/insights/199a-deduction-and-new-form-8995-8995-a

    The instructions at the very top of F8995-A tell you to fill out Sch C.

    #7221
    Lewis-H
    Participant

    Form 8995 / 8995-A – Qualified Business Income Deduction. … the individual has qualified business income (QBI), qualified REIT dividends, or qualified PTP income or loss; taxable income before QBID is less than or equal to certain thresholds: Single, HOH, Qualifying Widow(er): $160,700 (2018: $157,500)

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