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June 1, 2019
Solved

Why is form 8960 included in TurboTax when I do not have these types of investments?

  • June 1, 2019
  • 2 replies
  • 0 views

It appears that Turbo Tax includes the form for all filers over a certain AGI. However, since the form is not going to be updated until later in the year (2/7/2019?) it is keeping me - and I suspect others - from submitting our returns.

Best answer by

Who Must File

Attach Form 8960 to your return if your

modified adjusted gross income (MAGI) is

greater than the applicable threshold amount.

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.

2 replies

Answer
June 1, 2019

Who Must File

Attach Form 8960 to your return if your

modified adjusted gross income (MAGI) is

greater than the applicable threshold amount.

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.

June 1, 2019
Thanks, that does clarify.  Its just frustrating to have to wait for a form that will show $0 to be able to file electronically.
February 7, 2021

I received this email from Turbotax but the 8960 form is still not available and updated the software:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Your tax forms are ready.
 

 

The wait is over! The tax forms we needed to finish up your taxes are ready.

 

  • Form 8960, Net Investment Income Tax - Individual, Estates, and Trusts