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C
ckirbyjr
September 4, 2022
Solved

Form 8960

  • September 4, 2022
  • 1 reply
  • 0 views

I am trying to revise the amount for which the net investment tax  does not apply ( sold my insurance agency / goodwill sale), but the form/program will not allow me to change! I am using the CD. Can you give me some advice?

Charlie

Best answer by Anonymous_

Read the guidance (data source) for Line 5b (the description and amount get pulled from other forms in your return).

 

If that is not the case for whatever reason, you can enter a description and figure on the Form 8960 WorkSheet (Line 5b - Additional adjustments).

1 reply

A
Anonymous_
Employee
September 4, 2022

Which Line, exactly? Have you tried an entry using Forms Mode on the 8960 Worksheet or the actual form?

 

 

 

There are certain Form 8960 scenarios that require overrides (since they are not supported by TurboTax).

 

See page 15, https://digitalasset.intuit.com/DOCUMENT/A51oKyg2O/032522-2021-unsupported-calcs-L1FQfTTgn.pdf

    C
    ckirbyjrAuthor
    September 4, 2022

    5b

    A
    Anonymous_Answer
    Employee
    September 4, 2022

    Read the guidance (data source) for Line 5b (the description and amount get pulled from other forms in your return).

     

    If that is not the case for whatever reason, you can enter a description and figure on the Form 8960 WorkSheet (Line 5b - Additional adjustments).

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