IRS Form 8995 "Qualified Business Income Deduction Simplified Computation"

What Is IRS Form 8995?

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.

Form Details:

  • A 1-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 8995 through the link below or browse more documents in our library of IRS Forms.

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Download IRS Form 8995 "Qualified Business Income Deduction Simplified Computation"

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8995
Qualified Business Income Deduction
OMB No. 1545-0123
Form
2019
Simplified Computation
Attach to your tax return.
Department of the Treasury
Attachment
55
Internal Revenue Service
Sequence No.
Go to www.irs.gov/Form8995 for instructions and the latest information.
Name(s) shown on return
Your taxpayer identification number
1
(a) Trade, business, or aggregation name
(b) Taxpayer
(c) Qualified business
identification number
income or (loss)
i
ii
iii
iv
v
2
Total qualified business income or (loss). Combine lines 1i through 1v,
column (c)
.
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2
3
Qualified business net (loss) carryforward from the prior year .
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.
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.
3 (
)
4
4
Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0-
5
5
Qualified business income component. Multiply line 4 by 20% (0.20)
.
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.
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6
Qualified REIT dividends and publicly traded partnership (PTP) income or (loss)
(see instructions)
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6
7
Qualified REIT dividends and qualified PTP (loss) carryforward from the prior
year .
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7 (
)
8
Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero
8
or less, enter -0-
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9
REIT and PTP component. Multiply line 8 by 20% (0.20)
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9
10
Qualified business income deduction before the income limitation. Add lines 5 and 9 .
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10
11
11
Taxable income before qualified business income deduction .
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12
12
Net capital gain (see instructions) .
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13
Subtract line 12 from line 11. If zero or less, enter -0-
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13
14
Income limitation. Multiply line 13 by 20% (0.20) .
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14
15
Qualified business income deduction. Enter the lesser of line 10 or line 14. Also enter this amount on
the applicable line of your return
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15
16
Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- .
.
16 (
)
17
Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. If greater than
zero, enter -0-
.
.
.
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17 (
)
8995
For Privacy Act and Paperwork Reduction Act Notice, see instructions.
Form
(2019)
Cat. No. 37806C
8995
Qualified Business Income Deduction
OMB No. 1545-0123
Form
2019
Simplified Computation
Attach to your tax return.
Department of the Treasury
Attachment
55
Internal Revenue Service
Sequence No.
Go to www.irs.gov/Form8995 for instructions and the latest information.
Name(s) shown on return
Your taxpayer identification number
1
(a) Trade, business, or aggregation name
(b) Taxpayer
(c) Qualified business
identification number
income or (loss)
i
ii
iii
iv
v
2
Total qualified business income or (loss). Combine lines 1i through 1v,
column (c)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
2
3
Qualified business net (loss) carryforward from the prior year .
.
.
.
.
.
.
3 (
)
4
4
Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0-
5
5
Qualified business income component. Multiply line 4 by 20% (0.20)
.
.
.
.
.
.
.
.
.
.
.
6
Qualified REIT dividends and publicly traded partnership (PTP) income or (loss)
(see instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
6
7
Qualified REIT dividends and qualified PTP (loss) carryforward from the prior
year .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
7 (
)
8
Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero
8
or less, enter -0-
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
9
REIT and PTP component. Multiply line 8 by 20% (0.20)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
9
10
Qualified business income deduction before the income limitation. Add lines 5 and 9 .
.
.
.
.
.
10
11
11
Taxable income before qualified business income deduction .
.
.
.
.
.
12
12
Net capital gain (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
13
Subtract line 12 from line 11. If zero or less, enter -0-
.
.
.
.
.
.
.
.
13
14
Income limitation. Multiply line 13 by 20% (0.20) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
14
15
Qualified business income deduction. Enter the lesser of line 10 or line 14. Also enter this amount on
the applicable line of your return
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
15
16
Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- .
.
16 (
)
17
Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. If greater than
zero, enter -0-
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
17 (
)
8995
For Privacy Act and Paperwork Reduction Act Notice, see instructions.
Form
(2019)
Cat. No. 37806C