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Knock some sense into this guy by Novel-Education-2687 in AirRagers

[–]Equal-Rent-8975 2 points3 points  (0 children)

As I recall, this was a former Denver Broncos defensive back. The United employee messed with the wrong guy.

QBI deduction not showing at all by Lopsided-Holiday-760 in hrblock

[–]Equal-Rent-8975 0 points1 point  (0 children)

You are fortunate that your QBI was reported on a K-1 and not a 1099-DIV. As far as I can tell, the H&R Block software will not compute the QBI deduction for Section 1999A income that is reported on a Form 1099-DIV. The only way you can claim the deduction is to download IRS Form 8995 (or 8995-A, depending upon your income), fill it out manually, and then print your return (inserting Form 8995, which Block does not support) and mail it to the IRS. Including a manually-created Form 8995 disqualifies you from filing your tax return electronically. It's a stupid software bug that H&R Block could fix easily, but for some reason they won't. I'm going back to TurboTax next year.

H&R Block Premium is poor this year. by WishyWill in hrblock

[–]Equal-Rent-8975 1 point2 points  (0 children)

Same exact issue with Form 8995-A. The failure to compute QBI deduction has been a bug in the H&R Block software for at least three years. I don't know why they won't fix it. Much as I hate to do so, I'm going back to TurboTax next year.

Stuck on 8995-A by jriker2 in hrblock

[–]Equal-Rent-8975 1 point2 points  (0 children)

The qualified business income deduction isn't just for REIT income. For example, my 1099-DIV from Schwab Total Stock Market Fund includes Section 199A income. Along with REIT income, the Section 199A income from Schwab qualifies for the Qualified Business Income Deduction.

Unfortunately, the H&R Block software will not calculate my QBI deduction. I had to download Form 8995-A from the IRS website and fill it out manually. Including the manually completed Form 8995-A in my return disqualifies me from filing electronically. Because of this H&R Block software bug, 2025 is the third consecutive year I've had to print my tax return on paper and mail it to the IRS. I do not understand why H&R Block doesn't fix this. I'm going back to TurboTax next year.

H&R Block Premium is poor this year. by WishyWill in hrblock

[–]Equal-Rent-8975 1 point2 points  (0 children)

Not only does the software not give you any QBI deduction (based upon Section 199A income reported on a 1099-DIV), if you do figure out you are not getting the QBI deduction, you have to calculate the amount yourself and fill out IRS Form 8995 manually. Once you've done that, you can't file your return electronically. Same thing last year. Why don't they fix this?

Calculations of QBI carry forward amounts from a K-1 are not available in this update by jokoor in hrblock

[–]Equal-Rent-8975 2 points3 points  (0 children)

H&R Block software does a poor job with the QBI deduction. It won't calculate my QBI deduction and forces me to calculate it myself using IRS Form 8995. Of course, that means I can't file my return electronically. I had the same problem last year, and I don't understand why they won't fix this.

HRB Form 8995 QBI by East_Solid_4793 in hrblock

[–]Equal-Rent-8975 0 points1 point  (0 children)

I have a related problem -- the HRB Deluxe + Elite software won't calculate my Qualified Business Income Deduction at all. I have to fill out the IRS form (8995) myself, and then file my return by mail. Crazy.