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Get your taxes done using TurboTax
@gagan5987 wrote:Income is 255 K and it added 8 K more. my understanding is it supposes to be calculated tax for 1088 another way.
You are subject to the NIIT (net investment income tax) of 3.8% which would be calculated on the entire $8,167.00.
Regardless, as I believe has been mentioned already, you should simply enter the transactions and let the program do the calculations.
‎July 16, 2022
1:11 PM
578 Views