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Deductions & credits
You need to manually enter the amount from Schedule E pg2 Part V Line 43 on Form 8960 Line 4(b). This will adjust the Net Investment Income used to calculate the NIIT.
According to the IRS Instructions for Form 8960 Line 4(b), "...line 4b includes the following items.
Nonpassive net rental income or loss of a real estate professional where the rental activity rises to a section 162 trade or business."
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‎April 2, 2025
1:18 PM