@tracybyrne001 wrote:
Thank you! It actually did do that. I am looking for the adjustment in line 5b of the form 8960. If you can let me know how something is entered there, I'd much appreciate it.
In the past, any adjustment on Line 5b of Form 8960 had to be done in Forms Mode (that mode is only supported by the desktop (installed) versions of TurboTax). I am fairly certain the procedure has not changed, so you might need to switch out of an online product to a desktop product to make that adjustment.
That should be done automatically by the program, provided you made the proper selections (e.g., that you materially participated); the result should appear on Line 4b of Form 8960.
If you have done so and there appears to be an error, contact Support via the link below.
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632
Thank you! It actually did do that. I am looking for the adjustment in line 5b of the form 8960. If you can let me know how something is entered there, I'd much appreciate it.
@tracybyrne001 wrote:
Thank you! It actually did do that. I am looking for the adjustment in line 5b of the form 8960. If you can let me know how something is entered there, I'd much appreciate it.
In the past, any adjustment on Line 5b of Form 8960 had to be done in Forms Mode (that mode is only supported by the desktop (installed) versions of TurboTax). I am fairly certain the procedure has not changed, so you might need to switch out of an online product to a desktop product to make that adjustment.