New Form for 199A Deduction
Beginning with the 2019 tax year, Form 8995, Qualified Business Income Deduction Simplified Computation, or Form 8995-A, Qualified Business Income Deduction (and supporting schedules) will be used to report the qualified business income deduction under §199A.
We will be discussing the new form along with strategies and the final §199A regulations as part of our upcoming Individual Tax Year-End Workshops.