8995-A Qualified Business Income Deduction

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Form

8995-A

OMB No. 1545-2294

Qualified Business Income Deduction

Department of the Treasury
Internal Revenue Service

2023

Attach to your tax return.

Attachment
Sequence No. 55A

Go to www.irs.gov/Form8995A 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.

TREASURY/IRS
AND OMB USE
ONLY DRAFT
November 30, 2023
DO NOT FILE
Use this form if your taxable income, before your qualified business income deduction, is above $182,100 ($364,200 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

(b) Check if
specified service

(c) Check if
aggregation

(d) Taxpayer
identification number

(e) Check if
patron

A

B

C

Part II

Determine Your Adjusted Qualified Business Income

A

2

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

3

Multiply line 2 by 20% (0.20). If your taxable income is $182,100
or less ($364,200 if married filing jointly), skip lines 4 through 12
and enter the amount from line 3 on line 13
. . . . . . .
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 . . .
Qualified business income deduction before patron reduction.
Enter the greater of line 11 or line 12 . . . . . . . . . .

4

5
6
7

8
9
10
11
12
13
14
15
16

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

2

3

4
5
6

7
8
9
10

11
12
13
14
15
16
Cat. No. 71661B

Form 8995-A (2023)

Page 2

Form 8995-A (2023)

Part III

Phased-in Reduction

Complete Part III only if your taxable income is more than $182,100 but not $232,100 ($364,200 and $464,200 if married filing jointly)
and line 10 is less than line 3. Otherwise, skip Part III.
A
17
18
19
20

Enter the amounts from line 3 . . . . . . . . . . . .
Enter the amounts from line 10 . . . . . . . . . . . .
Subtract line 18 from line 17
. . . . . . . . . . . .
Taxable income before qualified business
income deduction . . . . . . . .
20
Threshold. Enter $182,100 ($364,200 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 . . . . . . . . . . .

B

C

17
18
19

TREASURY/IRS
AND OMB USE
ONLY DRAFT
November 30, 2023
DO NOT FILE
21

22
23

24
25
26

Part IV
27

28
29
30

31
32
33
34

35
36
37

38
39
40

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
Enter your net capital gain, if any, increased by any qualified dividends (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 (2023)