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Table of Contents SECTION A 1 A.1 SF 1449 SOLICITATION/CONTRACT/ORDER FOR COMMERCIAL ITEMS 1 SECTION B CONTINUATION OF SF 1449 BLOCKS 3 B.1 CONTRACT ADMINISTRATION DATA 3 B.2 LIMITATIONS ON SUBCONTRACTING
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215-22 limitations on pass-through refers to the restrictions imposed on the amount of pass-through income that can be claimed by taxpayers.
Taxpayers who have pass-through income from partnerships, S corporations, and sole proprietorships are required to file 215-22 limitations.
Taxpayers must complete Form 8995 to calculate the limitations on pass-through income and report it on their individual tax return.
The purpose of 215-22 limitations is to prevent high-income taxpayers from taking advantage of excessive deductions from pass-through income.
Taxpayers must report their pass-through income, qualified business income, and any relevant deductions on the form.
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