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Get your taxes done using TurboTax
@rvhatcher wrote:Line 14, code H says "Adjustment for section 1411 net investment income or deductions" so it seems it should offset.
That is a negative adjustment on Form 8960 so it should reduce your NIIT liability, but not your overall income tax liability. Ensure that you are entering the figure as a negative number (e.g., -24000) in the program.
March 30, 2020
10:00 AM