You might use Form 8995 if:
- You have a business.
- Received K-1 form.
- Have a rental activity
- Received REIT dividend.
Taxpayers use Form 8995 to figure their qualified business income (QBI) deduction. Individual taxpayers and some trusts and estates may be entitled to a deduction of up to 20% of their net QBI from a trade or business, including income from a pass-through entity, but not from a C corporation, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Instructions for Form 8995 (2021)
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