×
tax forms found in
Tax Form Code
Tax Form Name

Federal Free Printable 2020 Form 8995 for 2021 Federal Coverdell Education Savings Trust Account

Form 5305-E is obsolete, and is no longer supported by the Federal Department of Revenue.

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2020-federal-form-5305-e.pdf, and you can print it directly from your computer.

Coverdell Education Savings Trust Account
2020 Form 8995

Form 8995 Department of the Treasury Internal Revenue Service Qualified Business Income Deduction Simplified Computation OMB No. 1545-2294 ▶ Attach to your tax return. ▶ Go to www.irs.gov/Form8995 for instructions and the latest information. 2020 Attachment Sequence No. 55 Your taxpayer identification number Name(s) shown on return Note. You can claim the qualified business income deduction only if you have qualified business income from a qualified trade or business, real estate investment trust dividends, publicly traded partnership income, or a domestic production activities deduction passed through from an agricultural or horticultural cooperative. See instructions. Use this form if your taxable income, before your qualified business income deduction, is at or below $163,300 ($326,600 if married filing jointly), and you aren’t a patron of an agricultural or horticultural cooperative. 1 (a) Trade, business, or aggregation name (b) Taxpayer identification number (c) Qualified business income or (loss) i ii iii iv v 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Total qualified business income or (loss). Combine lines 1i through 1v, column (c) . . . . . . . . . . . . . . . . . . . . . . 2 Qualified business net (loss) carryforward from the prior year . . . . . . . 3 ( ) Total qualified business income. Combine lines 2 and 3. If zero or less, enter -04 Qualified business income component. Multiply line 4 by 20% (0.20) . . . . . . . . . . . 5 Qualified REIT dividends and publicly traded partnership (PTP) income or (loss) (see instructions) . . . . . . . . . . . . . . . . . . . . 6 Qualified REIT dividends and qualified PTP (loss) carryforward from the prior year . . . . . . . . . . . . . . . . . . . . . . . . . ) 7 ( Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . 8 REIT and PTP component. Multiply line 8 by 20% (0.20) . . . . . . . . . . . . . . . 9 Qualified business income deduction before the income limitation. Add lines 5 and 9 . . . . . . 10 Taxable income before qualified business income deduction . . . . . . 11 Net capital gain (see instructions) . . . . . . . . . . . . . . . 12 Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . 13 Income limitation. Multiply line 13 by 20% (0.20) . . . . . . . . . . . . . . . . . . 14 Qualified business income deduction. Enter the lesser of line 10 or line 14. Also enter this amount on the applicable line of your return . . . . . . . . . . . . . . . . . . . . . . ▶ 15 Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- . . 16 ( Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. If greater than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ( For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 37806C ) ) Form 8995 (2020)
Extracted from PDF file 2020-federal-form-5305-e.pdf, last modified January 2021

More about the Federal Form 5305-E Individual Income Tax Tax Credit TY 2020

We last updated the Coverdell Education Savings Trust Account in July 2021, so this is the latest version of Form 5305-E, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 5305-E directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Individual Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal Form 5305-E.

Form Code Form Name
Form 5305-EA Coverdell Education Savings Custodial Account

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 5305-E from the Internal Revenue Service in July 2021.

Show Sources >

Form 5305-E is a Federal Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Federal Form 5305-E

We have a total of eight past-year versions of Form 5305-E in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 5305-E

2020 Form 8995

2019 Form 5305-E

Form 5305-E (Rev. October 2016)

2018 Form 5305-E

Form 5305-E (Rev. October 2016)

2017 Form 5305-E

Form 5305-E (Rev. October 2016)

2016 Form 5305-E

Form 5305-E (Rev. October 2010)

Coverdell Education Savings Trust Account 2015 Form 5305-E

Form 5305-E (Rev. October 2010)

Coverdell Education Savings Trust Account 2012 Form 5305-E

Form 5305-E (Rev. October 2010)

Coverdell Education Savings Trust Account 2011 Form 5305-E

Form 5305-E (Rev. October 2010)


TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/federal/form-5305-e