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Get your taxes done using TurboTax
Also, the instructions ask for the total amount of the recovery.
I received $7193 as state tax refund for 2020. Is this the recovery they are asking for?
I deducted $3495 off NIIT in 2020. Is this the recovery they are asking for?
I multiplied the $3495 by 3.8% = $132. I owed $132 less of NIIT for 2020. To me, THIS $132 is my recovery.
Can you interpret which "recovery" the instructions are asking for?
March 31, 2022
8:07 AM