8995 Qualified Business Income Deduction Simplified Computati

Note: The draft you are looking for begins on the next page.

Caution: DRAFT—NOT FOR FILING

This is an early release draft of an IRS tax form, instructions, or publication,
which the IRS is providing for your information. Do not file draft forms and do
not rely on draft forms, instructions, and pubs for filing. We incorporate all
significant changes to forms posted with this coversheet. However, unexpected
issues occasionally arise, or legislation is passed—in this case, we will post a
new draft of the form to alert users that changes were made to the previously
posted draft. Thus, there are never any changes to the last posted draft of a
form and the final revision of the form. Forms and instructions are subject to
OMB approval before they can be officially released, so we post drafts of them
until they are approved. Drafts of instructions and pubs usually have some
additional changes before their final release. Early release drafts are at
IRS.gov/DraftForms and remain there after the final release is posted at
IRS.gov/LatestForms. Also see IRS.gov/Forms.
Most forms and publications have a page on IRS.gov: IRS.gov/Form1040 for
Form 1040; IRS.gov/Pub501 for Pub. 501; IRS.gov/W4 for Form W-4; and
IRS.gov/ScheduleA for Schedule A (Form 1040), for example, and similarly for
other forms, pubs, and schedules for Form 1040. When typing in a link, type it
into the address bar of your browser, not a Search box on IRS.gov.
If you wish, you can submit comments to the IRS about draft or final forms,
instructions, or pubs at IRS.gov/FormsComments. Include “NTF” followed by the
form or pub number (for example, “NTF1040”, “NTFW4”, “NTF501, etc.) in the
body of the message to route your message properly. We cannot respond to all
comments due to the high volume we receive and may not be able to consider
many suggestions until the subsequent revision of the product, but we will
review each “NTF” message. If you have comments on reducing paperwork and
respondent (filer) burden, with respect to draft or final forms, please respond to
the relevant information collection through the Federal Register process; for
more info, click here.

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

Attachment
Sequence No. 55
Your taxpayer identification number

Name(s) shown on return

TREASURY/IRS
AND OMB USE
ONLY DRAFT
October 3, 2023
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 at or below $182,100 ($364,200 if married
filing jointly), and you aren’t a patron of an agricultural or horticultural cooperative.
1

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

(a) Trade, business, or aggregation name

(b) Taxpayer
identification number

(c) Qualified business
income or (loss)

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
12
Net capital gain (see instructions) . . . . . . . . . . . . . . .
Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . .
13
14
Income limitation. Multiply line 13 by 20% (0.20) . . . . . . . . . . . . . . . . . .
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
16 (
Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- . .
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)