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ckirbyjr
Level 2
Sep 4, 2022 3:46 PM UTC
Solved

Form 8960

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

Anonymous_Answer
Level 15
Sep 4, 2022 5:11 PM UTC

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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5 replies

Anonymous_
Level 15
Sep 4, 2022 3:54 PM UTC

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

    ckirbyjrAuthor
    Level 2
    Sep 4, 2022 4:48 PM UTC

    5b

    Anonymous_Answer
    Level 15
    Sep 4, 2022 5:11 PM UTC

    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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