@Irene2805
Not sure if you are still active here but after manually entering interests earned from foreign banks on 1099-INT TT automatically calculates NIIT (3.8%) against the interests. My understanding is that NIIT should not be calculated as my MAGI (modified adjusted gross income) does not exceed the threshold of 200K but it still states the said amount in other taxes when looking through the 1040 summary.
Do you by chance know how to fix this bug? I understand that this is the only way to consider the interests earned from foreign banks when using online TT. Am I better off switching to the desktop version where it would consider the foreign banks interest automatically without imposing NIIT?
Thanks in advance for your reply.
