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tanwong
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Can I make TurboTax not add net investment tax to a non-passive income from a partnership that is recorded in Box 11 of Schedule K-1?

In "Enter Code I Detail: Other Non-Passive Income to be Reported on Schedule E, Page 2," entering any info adds that income to Form 8960
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2 Replies

Can I make TurboTax not add net investment tax to a non-passive income from a partnership that is recorded in Box 11 of Schedule K-1?

why do you think it should not be reported on form 8960?     you can use some other line or code or override form 8960 (any override will prevent e-filing) the Turbotax accuracy guarantee would be void. the IRS might catch the misreporting and then you would be subject to taxes, penalties, and interest.  

tanwong
New Member

Can I make TurboTax not add net investment tax to a non-passive income from a partnership that is recorded in Box 11 of Schedule K-1?

@Mike9241 Thanks for the reply.  Yes, I need to report on form 8960. The question should be "how to enter the adjustment into line 4b of form 8960?" I'm using the online TT and can't find a way to do so.

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