Form
8995-A
Department of the Treasury
Internal Revenue Service
Qualified Business Income Deduction
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Attach to your tax return.
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Go to www.irs.gov/Form8995A for instructions and the latest information.
OMB No. 1545-2294
2020
Attachment
Sequence No.
55A
Name(s) shown on return
Your taxpayer identification number
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 $163,300 ($326,600 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 B
C
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 $163,300
or less ($326,600 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 . . . . . . . . . . . . . . . . . .
4
5 Multiply line 4 by 50% (0.50) . . . . . . . . . . . . 5
6 Multiply line 4 by 25% (0.25) . . . . . . . . . . . . 6
7
Allocable share of the unadjusted basis immediately after
acquisition (UBIA) of all qualified property . . . . . . . .
7
8 Multiply line 7 by 2.5% (0.025) . . . . . . . . . . . . 8
9 Add lines 6 and 8 . . . . . . . . . . . . . . . . 9
10 Enter the greater of line 5 or line 9 . . . . . . . . . . . 10
11
W-2 wage and UBIA of qualified property limitation. Enter the
smaller of line 3 or line 10 . . . . . . . . . . . . .
11
12
Phased-in reduction. Enter the amount from line 26, if any. See
instructions . . . . . . . . . . . . . . . . . .
12
13
Qualified business income deduction before patron reduction.
Enter the greater of line 11 or line 12 . . . . . . . . . .
13
14
Patron reduction. Enter the amount from Schedule D (Form 8995-A),
line 6, if any. See instructions . . . . . . . . . . . .
14
15
Qualified business income component. Subtract line 14 from line 13
15
16
Total qualified business income component. Add all amounts
reported on line 15 . . . . . . . . . . . . . . .
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16
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 71661B
Form 8995-A (2020)