IRS Form 8995-A "Qualified Business Income Deduction"

What Is IRS Form 8995-A?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.

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  • Fill out the form in our online filing application.

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Download IRS Form 8995-A "Qualified Business Income Deduction"

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8995-A
Qualified Business Income Deduction
OMB No. 1545-0123
2019
Form
Attach to your tax return.
Department of the Treasury
Attachment
55A
Go to www.irs.gov/Form8995A for instructions and the latest information.
Internal Revenue Service
Sequence No.
Your taxpayer identification number
Name(s) shown on return
Part I
Trade, Business, or Aggregation Information
Complete Schedules A, B, and/or C (Form 8995-A), as applicable, before starting Part I. Attach additional worksheets when needed.
See instructions.
(b) Check if
(c) Check if
(d) Taxpayer
(e) Check if
1
(a) Trade, business, or aggregation name
specified service
aggregation
identification number
patron
A
B
C
Part II
Determine Your Adjusted Qualified Business Income
A
B
C
2
Qualified business income from the trade, business, or aggregation.
2
See instructions .
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3
Multiply line 2 by 20% (0.20). If your taxable income is $160,700
or less ($160,725 if married filing separately; $321,400 if married
filing jointly), skip lines 4 through 12 and enter the amount from
line 3 on line 13 .
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3
4
Allocable share of W-2 wages from the trade, business, or
aggregation .
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4
5
5
Multiply line 4 by 50% (0.50)
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6
Multiply line 4 by 25% (0.25)
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6
7
Allocable share of the unadjusted basis immediately after
acquisition (UBIA) of all qualified property .
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7
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Multiply line 7 by 2.5% (0.025) .
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8
9
Add lines 6 and 8 .
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9
10
10
Enter the greater of line 5 or line 9 .
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11
W-2 wage and qualified property limitation. Enter the smaller of
line 3 or line 10 .
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11
12
Phased-in reduction. Enter the amount from line 26, if any. See
instructions .
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12
13
Qualified business income deduction before patron reduction.
Enter the greater of line 11 or line 12 .
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13
14
Patron reduction. Enter the amount from Schedule D (Form 8995-A),
line 6, if any. See instructions
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14
15
Qualified business income component. Subtract line 14 from line 13
15
Total qualified business income component. Add all amounts
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reported on line 15 .
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8995-A
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.
Form
(2019)
Cat. No. 71661B
8995-A
Qualified Business Income Deduction
OMB No. 1545-0123
2019
Form
Attach to your tax return.
Department of the Treasury
Attachment
55A
Go to www.irs.gov/Form8995A for instructions and the latest information.
Internal Revenue Service
Sequence No.
Your taxpayer identification number
Name(s) shown on return
Part I
Trade, Business, or Aggregation Information
Complete Schedules A, B, and/or C (Form 8995-A), as applicable, before starting Part I. Attach additional worksheets when needed.
See instructions.
(b) Check if
(c) Check if
(d) Taxpayer
(e) Check if
1
(a) Trade, business, or aggregation name
specified service
aggregation
identification number
patron
A
B
C
Part II
Determine Your Adjusted Qualified Business Income
A
B
C
2
Qualified business income from the trade, business, or aggregation.
2
See instructions .
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3
Multiply line 2 by 20% (0.20). If your taxable income is $160,700
or less ($160,725 if married filing separately; $321,400 if married
filing jointly), skip lines 4 through 12 and enter the amount from
line 3 on line 13 .
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3
4
Allocable share of W-2 wages from the trade, business, or
aggregation .
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4
5
5
Multiply line 4 by 50% (0.50)
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6
Multiply line 4 by 25% (0.25)
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6
7
Allocable share of the unadjusted basis immediately after
acquisition (UBIA) of all qualified property .
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7
8
Multiply line 7 by 2.5% (0.025) .
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8
9
Add lines 6 and 8 .
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9
10
10
Enter the greater of line 5 or line 9 .
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11
W-2 wage and qualified property limitation. Enter the smaller of
line 3 or line 10 .
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11
12
Phased-in reduction. Enter the amount from line 26, if any. See
instructions .
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12
13
Qualified business income deduction before patron reduction.
Enter the greater of line 11 or line 12 .
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13
14
Patron reduction. Enter the amount from Schedule D (Form 8995-A),
line 6, if any. See instructions
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14
15
Qualified business income component. Subtract line 14 from line 13
15
Total qualified business income component. Add all amounts
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reported on line 15 .
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16
8995-A
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.
Form
(2019)
Cat. No. 71661B
2
Form 8995-A (2019)
Page
Part III
Phased-in Reduction
Complete Part III only if your taxable income is more than $160,700 but not $210,700 ($160,725 and $210,725 if married filing
separately; $321,400 and $421,400 if married filing jointly) and line 10 is less than line 3. Otherwise, skip Part III.
A
B
C
17
Enter the amounts from line 3 .
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17
18
Enter the amounts from line 10 .
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18
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19
Subtract line 18 from line 17
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20
Taxable income before qualified business
income deduction .
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21
Threshold. Enter $160,700 ($160,725 if
married filing separately; $321,400 if
married filing jointly)
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Subtract line 21 from line 20
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23
Phase-in range. Enter $50,000 ($100,000 if
married filing jointly)
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24
Phase-in percentage. Divide line 22 by line 23
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%
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25
Total phase-in reduction. Multiply line 19 by line 24 .
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26
Qualified business income after phase-in reduction. Subtract line
25 from line 17. Enter this amount here and on line 12, for the
corresponding trade or business .
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26
Part IV
Determine Your Qualified Business Income Deduction
27
Total qualified business income component from all qualified trades,
27
businesses, or aggregations. Enter the amount from line 16
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28
Qualified REIT dividends and publicly traded partnership (PTP) income or
(loss). See instructions
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29 (
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29
Qualified REIT dividends and PTP (loss) carryforward from prior years .
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30
Total qualified REIT dividends and PTP income. Combine lines 28 and 29. If
less than zero, enter -0- .
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REIT and PTP component. Multiply line 30 by 20% (0.20) .
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32
32
Qualified business income deduction before the income limitation. Add lines 27 and 31 .
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Taxable income before qualified business income deduction .
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Net capital gain. See instructions .
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34
35
35
Subtract line 34 from line 33. If zero or less, enter -0-
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36
36
Income limitation. Multiply line 35 by 20% (0.20) .
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37
Qualified business income deduction before the domestic production activities deduction (DPAD)
under section 199A(g). Enter the smaller of line 32 or line 36 .
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37
38
DPAD under section 199A(g) allocated from an agricultural or horticultural cooperative. Don’t enter
more than line 33 minus line 37
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38
39
Total qualified business income deduction. Add lines 37 and 38 .
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39
40
Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 28 and 29. If zero or
greater, enter -0-
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40 (
)
8995-A
Form
(2019)
Page of 2