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IRS Schedule D, Capital Gains and Losses
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Use Form 8995 to figure your 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. However, your total QBI deduction is limited to 20% of your taxable income, calculated before the QBI deduction, minus net capital gain.

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 2022 taxable income before your QBI deduction is less than or equal to $170,050 if single, married filing separately, head of household, qualifying surviving spouse, or are a trust or estate, or $340,100 if married filing jointly; 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.