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Schedule A (Form 8995-A)Specified Service Trades or Businesses. Complete Schedule A only if your trade or business is a SSTB and 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).
Form 8995-A must be used if taxable income is over the [minimum income] threshold or if you or any of your trades or businesses are patrons of a specified cooperative.
Some trusts and estates may also claim the deduction directly. The deduction allows them to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.
Heres how to find out if you qualify: Open or continue your return. Select Federal on the left, and then Deductions Credits near the top. Scroll down and select Wrap up tax breaks. Now proceed through any screens. If you qualify, youll see a screen that shows the exact amount of your QBI deduction.
Who qualifies for the deduction? The QBI deduction applies to qualified income from sole proprietorships, partnerships, limited liability companies (LLCs) that are treated as sole proprietorships or as partnerships for tax purposes, and S corporations.
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If your work qualifies you for certain business deductions on your taxes, you may need to use Form 8995.
Schedule A (Form 8995-A)Specified Service Trades or Businesses. Complete Schedule A only if your trade or business is a SSTB and 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).
QBI Component. Income earned through a C corporation or by providing services as an employee is not eligible for the deduction. 2.
Form 8995-A must be used if taxable income is over the [minimum income] threshold or if you or any of your trades or businesses are patrons of a specified cooperative.
Use this form to figure your qualified business income deduction. Use separate Schedules A, B, C, and/or D, as appropriate, to help calculate the deduction.

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