Privacy Act and Paperwork Reduction Act

Form 8995
Department of the Treasury
Internal Revenue Service
Qualified Business Income Deduction
Simplified Computation
▶ Attach to your tax return.
▶ Go to www.irs.gov/Form8995 for instructions and the latest information.
OMB No. 1545-0123
2019
Attachment
Sequence No.55
Name(s) shown on return Your taxpayer identification number
1 (a) Trade, business, or aggregation name (b) Taxpayer
identification number
(c) Qualified business
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 Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0-4
5 Qualified business income component. Multiply line 4 by 20% (0.20). . . . . . . . . . . 5
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
or less, enter -0- . . . . . . . . . . . . . . . . . . . . 8
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 Taxable income before qualified business income deduction .. . . . . 11
12 Net capital gain (see instructions). . . . . . . . . . . . . . . 12
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 ( )
For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 37806C Form8995(2019)
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Quality IT Solutions
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