Part III, Line 13 Form 8960 asks for MODIFIED adjusted gross income (MAGI). MAGI does NOT include Social Security Benefits, Qualified Retirement Plan withdrawals like from an IRA, or payouts from a traditional defined pension plan or retirement plan annuity. Yet Turbo Tax INCLUDED all of these income amounts in Part III, Line 13, triggering a Net Investment Income Tax for my return. I.E. Turbo Tax did NOT MODIFY my adjusted gross income to reflect not including income not subject to the Net Investment Income Tax. This needs to be corrected!
