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A
ajkeane
April 11, 2024
Question

Turbotax added form 8959 but i am not over the threshold, why?

  • April 11, 2024
  • 1 reply
  • 0 views
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1 reply

J
JohnW152
April 11, 2024

It's difficult to tell without more information.  The threshold amount is computed by combining your Medicare wages and any positive self-employment income you have.  A self-employment loss isn't considered when computing the threshold. 

 

Here's the tax year threshold chart, from the IRS' Instructions for Form 8959:

 

See also Who Must File in the instructions linked above.

If your threshold amount is below what's shown above, feel free to post back with more information. 

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