About Form 8990, Limitation on Business Interest ... - IRS-2025

Show details

4.9 out of 5

54 votes

Form 8990 is a tax document used by taxpayers to report limitations on business interest expense under Section 163(j) of the Internal Revenue Code. It includes sections for computing allowable business interest expense, adjusted taxable income, and specific calculations for partnerships and S corporations. The form requires detailed information about current year business interest expenses, disallowed carryforwards, and excess taxable income related to pass-through entities.

Here's how it works

01. Edit your form 8990 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send irs form 8990 via email, link, or fax. You can also download it, export it or print it out.

How to rapidly redact About Form 8990, Limitation on Business Interest ... - IRS online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is the greatest editor for modifying your forms online. Adhere to this simple instruction to edit About Form 8990, Limitation on Business Interest ... - IRS in PDF format online for free:

Sign up and sign in. Register for a free account, set a secure password, and go through email verification to start working on your templates.
Upload a document. Click on New Document and choose the file importing option: upload About Form 8990, Limitation on Business Interest ... - IRS from your device, the cloud, or a secure link.
Make changes to the sample. Utilize the top and left panel tools to edit About Form 8990, Limitation on Business Interest ... - IRS. Insert and customize text, pictures, and fillable areas, whiteout unneeded details, highlight the important ones, and comment on your updates.
Get your documentation done. Send the form to other people via email, generate a link for faster file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail included.

Try all the advantages of our editor today!

See more About Form 8990, Limitation on Business Interest ... - IRS versions

We've got more versions of the About Form 8990, Limitation on Business Interest ... - IRS form. Select the right About Form 8990, Limitation on Business Interest ... - IRS version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2022	4.9 Satisfied (54 Votes)
2020	4.8 Satisfied (62 Votes)
2019	4.4 Satisfied (145 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the interest deduction limitation rule?

The interest deduction limitation rule The deduction is capped at the highest of 30% of the fiscal EBITDA or EUR 3 million. Save for certain exceptions, the IDLR applies to Luxembourg resident corporate taxpayers and to Luxembourg permanent establishments of non-resident taxpayers.

What is the limitation on business interest deductions?

Starting in 2022, interest deductions are limited to 30% of earnings before interest and tax (EBIT).

Is there a limit to how much interest you can deduct?

You can deduct the mortgage interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home. If you are married filing separately, the limit drops to $375,000.

What is the limitation on investment interest expense deduction?

The deduction on investment interest also cannot be larger than the investment income that was earned that year. 1 It is possible for such excess to be carried forward into the next years tax filing.

What to do with excess business interest expense on K-1?

line 13 Code K. Excess business interest expense. If the partnership reports excess business interest expense to the partner, the partner is required to file Form 8990. See the Instructions for Form 8990 for additional information.

section 163 form

About form 8990 limitation on business interest irs pdf About form 8990 limitation on business interest irs 2021 About form 8990 limitation on business interest irs example Form 8990 instructions About form 8990 limitation on business interest irs 2022 About form 8990 limitation on business interest irs 2020 Form 8990 PDF Business interest expense limitation

What is the general interest deduction limitation rule?

General Interest Deduction Limitation Rule: Article 30 provides information on the general interest deduction limitation rule. 1) As a business, you can deduct up to 30% of your accounting earnings before interest, taxes, depreciation, and amortization (EBITDA) as net interest expenditure for the relevant tax period.

Is mortgage interest deduction limited to $10,000?

California Law: California, however, allows homeowners to deduct mortgage interest on loans up to $1 million, and up to an additional $100,000 of home equity debt. This applies regardless of the loans origination date, meaning California offers more lenient terms than federal law.