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1040 2018Qualified Business Income Deduction (QBID) Simplified WorksheetForm <br />Name Taxpayer Identification Number <br />Total qualified business income or (loss). Add the amounts from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Form 1041 Schedule K-1 and other sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Form 1065 Schedule K-1 (Partnership) and Form 1120S Schedule K1 (S corporation) . . . . . . . . . . . . . . . . . . . . . . . . . <br />Form 4835 - Farm Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Rental properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Schedule C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br /> . have taxable income before deduction of $157,500 or less ($315,000 married filing jointly) <br />2. <br />6a. <br />3. <br />4. <br />5. <br />Qualified real estate investment trust dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Qualified publicly traded partnership income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Total qualified REIT and PTP income. Add lines 6 and 7. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />REIT and PTP component. Multiply line 8 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Qualified business income deduction before the income limitation. Add lines 5 and 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Qualified business income component. Multiply line 4 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />4. <br />3. <br />2. <br />11. <br />10. <br />9. <br />8. <br />7.7. <br />8. <br />9. <br />10. <br />11.Taxable income before qualified business income deduction (Form 1040, Line 7 less Line 8) . . . . . . . . . . . . . . . . . . . <br />Net capital gain (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Subtract line 12 from line 11. If less than zero, enter -0-. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Income limit. Multiply line 13 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Qualified business income deduction. Enter the smaller of Line 10 or Line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />12. <br />13. <br />14.14. <br />13. <br />12. <br />15.15. <br />Use this worksheet if you: . Have Qualified Business Income (QBI), REIT dividends, or PTP income . are not a patron in a specified agricultural or horticultural cooperative <br />1.Qualified business income or (loss) from: <br />Qualified business loss carryforward from the prior year. Enter as a negative number. . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />6b.6b. <br />6a. <br />Qualified REIT and PTP loss carryforward from the prior year. Enter as a negative number. . . . . . . . . . . . . . . . . . . . . <br />16. <br />17. <br />16. <br />17. <br />Total qualified business loss carryforward. Add lines 2 and 3. If more than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . <br />Total qualified REIT income and PTP loss carryforward. Add lines 6 and 7. If more than zero, enter -0- . . . . . . . . <br />Enter qualified business income deduction on Form 1040, line 9 or Form 1040NR, line 38 <br />5. <br />1. <br />WESLEY C BROWN & SHANON M LARIMER 595-42-0794 <br />120,488 <br />97 <br />120,585 <br />120,585 <br />24,117 <br />24,117 <br />141,954 <br />905 <br />141,049 <br />28,210 <br />24,117 <br />0