- 1 -
|
Domestic Production Activities Deduction OMB No. 1545-1984
Form 8903
(Rev. December 2018) ▶ Attach to your tax return. Attachment
Department of the Treasury
Internal Revenue Service ▶ Go to www.irs.gov/Form8903 for instructions and the latest information. Sequence No. 143
Name(s) as shown on return Identifying number
Note: Do not complete column (a), unless you have oil-related (a) (b)
production activities. Enter amounts for all activities in column (b), Oil-related production activities All activities
including oil-related production activities.
1 Domestic production gross receipts (DPGR) . . . . . . . . 1
2 Allocable cost of goods sold. If you are using the small business
simplified overall method, skip lines 2 and 3 . . . . . . . . 2
3 Enter deductions and losses allocable to DPGR (see instructions) . 3
4 If you are using the small business simplified overall method, enter the
amount of cost of goods sold and other deductions or losses you
ratably apportion to DPGR. All others, skip line 4 . . . . . . . 4
5 Add lines 2 through 4 . . . . . . . . . . . . . . . 5
6 Subtract line 5 from line 1 . . . . . . . . . . . . . . 6
7 Qualified production activities income from estates, trusts, and
certain partnerships and S corporations (see instructions) . . . 7
8 Add lines 6 and 7. Estates and trusts, go to line 9. All others, skip line
9 and go to line 10 . . . . . . . . . . . . . . . . 8
9 Amount allocated to beneficiaries of the estate or trust (see
instructions) . . . . . . . . . . . . . . . . . . 9
10a Oil-related qualified production activities income. Estates and
trusts, subtract line 9, column (a), from line 8, column (a). All others,
enter amount from line 8, column (a). If zero or less, enter -0- here. 10a
b Qualified production activities income. Estates and trusts, subtract
line 9, column (b), from line 8, column (b). All others, enter amount
from line 8, column (b). If zero or less, enter -0- here; skip lines 11
through 21,and enter -0- on line 22 . . . . . . . . . . . 10b
11 Income limitation (see instructions):
• Individuals, estates, and trusts. Enter your adjusted gross income figured without the
domestic production activities deduction . . . . . . . . . . . . . . . .
• All others. Enter your taxable income figured without the domestic production activities 11
deduction (tax-exempt organizations, see instructions) . . . . . . . . . . . }
12 Enter the smaller of line 10b or line 11. If zero or less, enter -0- here; skip lines 13 through 21,
and enter -0- on line 22 . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Enter 9% of line 12 . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 a Enter the smaller of line 10a or line 12 . . . . . . . . . . 14a
b Reduction for oil-related qualified production activities income. Multiply line 14a by 3% . . 14b
15 Subtract line 14b from line 13 . . . . . . . . . . . . . . . . . . . . . . 15
16 Form W-2 wages (see instructions) . . . . . . . . . . . . . . . . . . . . 16
17 Form W-2 wages from estates, trusts, and certain partnerships and S corporations (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Add lines 16 and 17. Estates and trusts, go to line 19. All others, skip line 19 and go to line 20 18
19 Amount allocated to beneficiaries of the estate or trust (see instructions) . . . . . . . 19
20 Estates and trusts, subtract line 19 from line 18. All others, enter amount from line 18 . . . 20
21 Form W-2 wage limitation. Enter 50% of line 20 . . . . . . . . . . . . . . . . 21
22 Enter the smaller of line 15 or line 21. . . . . . . . . . . . . . . . . . . . 22
23 Domestic production activities deduction from cooperatives. Enter deduction from Form
1099-PATR, box 6 . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Expanded affiliated group allocation (see instructions) . . . . . . . . . . . . . . 24
25 Domestic production activities deduction. Combine lines 22 through 24 and enter the result
here and on the applicable line of your return (see instructions) . . . . . . . . . . . 25
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37712F Form 8903 (Rev. 12-2018)
|