b. Complete Henry's 2020 Form 8995 (Qualified Business Income Deduction Simplified Computation). Enter all amounts as positive numbers.

Form 8995 Department of the Treasury Internal Revenue Service	Qualified Business Income Deduction Simplified Computation Attach to your tax return. Go to www.irs.gov/Form8995 for instructions and the latest information.	OMB No. 1545-2294
		2020 Attachment Sequence No. 55

Name(s) shown on return Henry Jones

Your taxpayer identification number 123-45-6789

Note: You can claim the qualified business income deduction only if you have qualified business income from a qualified trade or business, real estate investment trust dividends, publicly traded partnership income, or a domestic production activities deduction passed through from an agricultural or horticultural cooperative. See instructions. Use this form if your taxable income, before your qualified business income deduction, is above $163,300 ($326,600 if married filing jointly), or youre a patron of an agricultural or horticultural cooperative.

1	(a) Trade, business, or aggregation name	(b) Taxpayer identification number	(c) Qualified business income or (loss)
i	Henry Jones Transportation	123-45-6789	fill in the blank fb277ef59ff3fdb_1
ii
iii
iv
v

2	Total qualified business income or (loss). Combine lines 1i through 1v, column (c) . .	2	fill in the blank fb277ef59ff3fdb_2
3	Qualified business net (loss) carryforward from the prior year . . . . . . . . . . . . . . . . .	3	()
4	Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0- . . .	4	fill in the blank fb277ef59ff3fdb_3
5	Qualified business income component. Multiply line 4 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			5	fill in the blank fb277ef59ff3fdb_4
6	Qualified REIT dividends and publicly traded partnership (PTP) income or (loss) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6
7	Qualified REIT dividends and qualified PTP (loss) carryforward from the prior year . .	7	()
8	Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8
9	REIT and PTP component. Multiply line 8 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			9	fill in the blank fb277ef59ff3fdb_5
10	Qualified business income deduction before the income limitation. Add lines 5 and 9 . . . . . . . . . . . . . . . . . .			10	fill in the blank fb277ef59ff3fdb_6
11	Taxable income before qualified business income deduction . . . . . . . . . . . . . . . . . .	11	fill in the blank fb277ef59ff3fdb_7
12	Net capital gain (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
13	Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . .	13	fill in the blank fb277ef59ff3fdb_8
14	Income limitation. Multiply line 13 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			14	fill in the blank fb277ef59ff3fdb_9
15	Qualified business income deduction. Enter the lesser of line 10 or line 14. Also enter this amount on the applicable line of your return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			15	fill in the blank fb277ef59ff3fdb_10
16	Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- . . . . . . . . .			16	fill in the blank fb277ef59ff3fdb_11
17	Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. If greater than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			17	fill in the blank fb277ef59ff3fdb_12

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Cat. No. 37806C

Form 8995 (2020)