Federal Qualified Business Income Deduction Simplified Computation

Qualified Business Income Deduction  Simplified Computation
2023 Form 8995
Form

8995

Department of the Treasury
Internal Revenue Service

Qualified Business Income Deduction
Simplified Computation

OMB No. 1545-2294

2023

Attach to your tax return.

Attachment
Sequence No. 55

Go to www.irs.gov/Form8995 for instructions and the latest information.

Your taxpayer identification number

Name(s) shown on return

Note. You can claim the qualified business income deduction only if you have qualified business income from a qualified trade or
business, real estate investment trust dividends, publicly traded partnership income, or a domestic production activities deduction
passed through from an agricultural or horticultural cooperative. See instructions.
Use this form if your taxable income, before your qualified business income deduction, is at or below $182,100 ($364,200 if married
filing jointly), and you aren’t a patron of an agricultural or horticultural cooperative.
1

(a) Trade, business, or aggregation name

(b) Taxpayer
identification number

(c) Qualified business
income or (loss)

i
ii
iii
iv
v
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Total qualified business income or (loss). Combine lines 1i through 1v,
column (c)
. . . . . . . . . . . . . . . . . . . . . .
2
Qualified business net (loss) carryforward from the prior year . . . . . . .
3 (
)
Total qualified business income. Combine lines 2 and 3. If zero or less, enter -04
Qualified business income component. Multiply line 4 by 20% (0.20) . . . . . . . . . . .
5
Qualified REIT dividends and publicly traded partnership (PTP) income or (loss)
(see instructions) . . . . . . . . . . . . . . . . . . . .
6
Qualified REIT dividends and qualified PTP (loss) carryforward from the prior
year . . . . . . . . . . . . . . . . . . . . . . . . .
)
7 (
Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero
or less, enter -0- . . . . . . . . . . . . . . . . . . . .
8
REIT and PTP component. Multiply line 8 by 20% (0.20) . . . . . . . . . . . . . . .
9
Qualified business income deduction before the income limitation. Add lines 5 and 9 . . . . . .
10
Taxable income before qualified business income deduction (see instructions)
11
Enter your net capital gain, if any, increased by any qualified dividends
(see instructions) . . . . . . . . . . . . . . . . . . . .
12
Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . .
13
Income limitation. Multiply line 13 by 20% (0.20) . . . . . . . . . . . . . . . . . .
14
Qualified business income deduction. Enter the smaller of line 10 or line 14. Also enter this amount on
the applicable line of your return (see instructions) . . . . . . . . . . . . . . . . .
15
Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- . .
16 (
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

)
)
Form 8995 (2023)