2 |
Total qualified business income or (loss). Combine lines 1i through 1v, column (c) . . . . . . . . . . . . . . . . . . . |
2 |
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3 |
Qualified business net (loss) carryforward from the prior year . . . . . . . . . . . . |
3 |
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4 |
Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0- . . . . |
4 |
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5 |
Qualified business income component. Multiply line 4 by 20% (0.20) . . . . . . . . . . . . . . . . . . . |
5 |
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6 |
Qualified REIT dividends and publicly traded partnership (PTP) income or (loss) (see instructions) . . . . . . . . . . . . . . . . . |
6 |
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7 |
Qualified REIT dividends and qualified PTP (loss) carryforward from the prior year . . . . . . . . . . . . . . . . . . . . . .. . . . . . . |
7 |
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8 |
Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
8 |
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9 |
REIT and PTP component. Multiply line 8 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . |
9 |
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10 |
Qualified business income deduction before the income limitation. Add lines 5 and 9 . . . . . . . . . . . . |
10 |
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11 |
Taxable income before qualified business income deduction (see instructions) . . . |
11 |
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12 |
Enter your net capital gain, if any, increased by any qualified dividends (see instructions) . . . . . . . . . . . . . . . . |
12 |
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13 |
Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . . . . . |
13 |
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14 |
Income limitation. Multiply line 13 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . . . . |
14 |
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15 |
Qualified business income deduction. Enter the smaller of line 10 or line 14. Also enter this amount on the applicable line of your return (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . |
15 |
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16 |
Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- . . . . . . |
16 |
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17 |
Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. If greater than zero, enter -0- . . |
17 |
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