Form 8995 is the default if you fall within the IRS rules:
Individuals and eligible estates and trusts that have QBI use Form 8995 to figure the QBI deduction if:
- You have QBI, qualified REIT dividends, or qualified PTP income or loss (all defined later); and
- Your 2024 taxable income before your QBI deduction is less than or equal to $383,900 if married filing jointly, and $191,950 for all other returns; and
- You aren’t a patron in a specified agricultural or horticultural cooperative.
Otherwise, use Form 8995-A, Qualified Business Income Deduction, to figure your QBI deduction.
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