Line 7 of the 8960 is Other modifications to Investment Income. This is for Net Operating Losses, Passive activity adjustments, Adjustments for distribution of trusts or estates, etc. There is no need to make any adjustment related to tax refunds.
FORM 8960 Instructions
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
