Question

Where do i see if net investment tax was taken out on my return

Forum|Forum|6 years ago
February 20, 2020
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TurboTax Self Employed Online

Employee

If your Modified Adjusted Gross Income was under the threshold for your filing status you would not have a Form 8960 included with your tax return.

U.S. citizens and residents. Individuals who have for the tax year (a) MAGI that’s over an applicable threshold amount, and (b) net investment income, must pay 3.8% of the smaller of (a) or (b) as their NIIT.
The applicable threshold amount is based on your filing status.
• Married Filing Jointly or Qualifying Widow(er) is $250,000.
• Married Filing Separately is $125,000.
• Single or Head of Household is $200,000.

R

R65545Author

My question was not tell me the details of if I need to pay the taxes. I know I do. I asked where can I see that the form was filled out and they were deducted?

DoninGA

Employee

@R65545 wrote:

My question was not tell me the details of if I need to pay the taxes. I know I do. I asked where can I see that the form was filled out and they were deducted?

The NIT from the Form 8960 is entered on Schedule 2 Line 8. This amount flows to Form 1040 Line 15.

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.