8995-A Qualified Business Income Deduction

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Form

8995-A

Department of the Treasury
Internal Revenue Service

OMB No. 1545-2294

Qualified Business Income Deduction
▶

2021

▶ Attach to your tax return.
Go to www.irs.gov/Form8995A for instructions and the latest information.

Attachment
Sequence No. 55A
Your taxpayer identification number

Name(s) shown on return

DRAFT AS OF
October 19, 2021
DO NOT FILE

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 above $164,900 ($164,925 if married filing separately; $329,800 if married filing jointly), or
you’re a patron of an agricultural or horticultural cooperative.

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.
1

(a) Trade, business, or aggregation name

A
B
C

Part II

(b) Check if
specified service

(c) Check if
aggregation

(d) Taxpayer
identification number

Determine Your Adjusted Qualified Business Income

A
2

Qualified business income from the trade, business, or aggregation.
See instructions . . . . . . . . . . . . . . . . .

2

3

Multiply line 2 by 20% (0.20). If your taxable income is $164,900
or less ($164,925 if married filing separately; $329,800 if married
filing jointly), skip lines 4 through 12 and enter the amount from
line 3 on line 13 . . . . . . . . . . . . . . . . .

3

4

Allocable share of W-2 wages from the trade, business, or
aggregation . . . . . . . . . . . . . . . . . .
Multiply line 4 by 50% (0.50) . . . . . . . . . . . .
Multiply line 4 by 25% (0.25) . . . . . . . . . . . .
Allocable share of the unadjusted basis immediately after
acquisition (UBIA) of all qualified property . . . . . . . .
Multiply line 7 by 2.5% (0.025) . . . . . . . . . . . .
Add lines 6 and 8 . . . . . . . . . . . . . . . .
Enter the greater of line 5 or line 9 . . . . . . . . . . .
W-2 wage and UBIA of qualified property limitation. Enter the
smaller of line 3 or line 10 . . . . . . . . . . . . .
Phased-in reduction. Enter the amount from line 26, if any. See
instructions . . . . . . . . . . . . . . . . . .
Qualified business income deduction before patron reduction.
Enter the greater of line 11 or line 12 . . . . . . . . . .

5
6
7
8
9
10
11
12
13
14
15
16

(e) Check if
patron

Patron reduction. Enter the amount from Schedule D (Form 8995-A),
line 6, if any. See instructions . . . . . . . . . . . .
Qualified business income component. Subtract line 14 from line 13
Total qualified business income component. Add all amounts
reported on line 15 . . . . . . . . . . . . . . . ▶

For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

B

C

4
5
6
7
8
9
10
11
12
13
14
15
16
Cat. No. 71661B

Form 8995-A (2021)

Page 2

Form 8995-A (2021)

Part III

Phased-in Reduction

Complete Part III only if your taxable income is more than $164,900 but not $214,900 ($164,925 and $214,925 if married filing
separately; $329,800 and $429,800 if married filing jointly) and line 10 is less than line 3. Otherwise, skip Part III.
A
17
18
19
20
21

22
23
24
25
26

Enter the amounts from line 3 .
Enter the amounts from line 10 .
Subtract line 18 from line 17
.
Taxable income before qualified
income deduction . . . . .

. . . . . . . . . . .
. . . . . . . . . . .
. . . . . . . . . . .
business
. . .
20
Threshold. Enter $164,900 ($164,925 if
married filing separately; $329,800 if married
filing jointly) . . . . . . . . . .
21
Subtract line 21 from line 20
. . . .
22
Phase-in range. Enter $50,000 ($100,000 if
married filing jointly) . . . . . . .
23
Phase-in percentage. Divide line 22 by line 23 24
%
Total phase-in reduction. Multiply line 19 by line 24 . . . . .
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 . . . . . . . . . . .

28
29
30
31
32
33
34
35
36
37
38
39
40

C

17
18
19

DRAFT AS OF
October 19, 2021
DO NOT FILE

Part IV
27

B

25

26

Determine Your Qualified Business Income Deduction

Total qualified business income component from all qualified trades,
businesses, or aggregations. Enter the amount from line 16 . . . . . .
27
Qualified REIT dividends and publicly traded partnership (PTP) income or
(loss). See instructions . . . . . . . . . . . . . . . . . .
28
)
Qualified REIT dividends and PTP (loss) carryforward from prior years . . .
29 (
Total qualified REIT dividends and PTP income. Combine lines 28 and 29. If
less than zero, enter -0- . . . . . . . . . . . . . . . . . .
30
REIT and PTP component. Multiply line 30 by 20% (0.20) . . . . . . .
31
Qualified business income deduction before the income limitation. Add lines 27 and 31 . . . . ▶
32
Taxable income before qualified business income deduction . . . . . .
33
Net capital gain. See instructions . . . . . . . . . . . . . . .
34
Subtract line 34 from line 33. If zero or less, enter -0- . . . . . . . . . . . . . . . .
35
Income limitation. Multiply line 35 by 20% (0.20) . . . . . . . . . . . . . . . . . .
36
Qualified business income deduction before the domestic production activities deduction (DPAD)
under section 199A(g). Enter the smaller of line 32 or line 36 . . . . . . . . . . . . . ▶
37
DPAD under section 199A(g) allocated from an agricultural or horticultural cooperative. Don’t enter
more than line 33 minus line 37
. . . . . . . . . . . . . . . . . . . . . . .
38
Total qualified business income deduction. Add lines 37 and 38 . . . . . . . . . . . . ▶
39
Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 28 and 29. If zero or
greater, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40 (

)

Form 8995-A (2021)