IRS Form 8995-A Schedule B Aggregation of Business Operations

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IRS Form 8995-A Schedule B Aggregation of Business Operations

What Is IRS Form 8995-A Schedule B?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 8995-A, Qualified Business Income Deduction. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 8995-A?
A: IRS Form 8995-A is a schedule used for the aggregation of business operations.

Q: What is the purpose of Schedule B on Form 8995-A?
A: Schedule B on Form 8995-A is used to determine the aggregated qualified business income (QBI) deduction for multiple businesses.

Q: Who needs to use Form 8995-A?
A: Taxpayers who have multiple businesses and want to calculate their QBI deduction need to use Form 8995-A.

Q: What information is required on Schedule B?
A: Schedule B requires information such as the EIN, trade or business name, and the qualified business income of each aggregated business.

Q: Are there any limitations or restrictions for using Form 8995-A?
A: Yes, there are limitations and restrictions for using Form 8995-A, such as the need for meeting the definition of a trade or business and having income from a qualified source.

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Form Details:

  • A 1-page form available for download in PDF;
  • This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 8995-A Schedule B through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 8995-A Schedule B Aggregation of Business Operations

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  • IRS Form 8995-A Schedule B Aggregation of Business Operations, Page 1
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