How do i enter something on line 5(b) of form 8960 in turbotax

 

Investors & landlords

Here are the instructions for entering an amount on your Form 8960:

1.  Click Federal on the left-hand side menu.

2.  Click Other Tax Situations across the top.

3.  Scroll down to Other Tax Forms and click Start or Revisit by Miscellaneous Tax Forms.

4.  Click Start or Revisit by Additional Taxes and Repayments.

Click Continue twice till you get to the screen below.  This, from Turbo Tax Help on the subject:

How do I calculate the adjustment if I need to?

If you need to calculate the capital loss adjustment, you will need to complete the Lines 5a-5d - Net Gains and Losses Worksheet in the 2013 Form 8960 instructions. This adjustment must then be made going forward even if you are not subject to NIIT in a particular year. After completing the Lines 5a-5d - Net Gains and Losses Worksheet for 2013, enter the amount from line 2h of the prior year worksheet here. Enter the amount as a negative in TurboTax.

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Investors & landlords

I followed these directions exactly but at the last step that option is not there for "other modifications to investment income, line 7 of form 8960.  How do I input for line 7?  Is there a way to input directly on the form?

Investors & landlords


@rockkimwhite wrote:

How do I input for line 7?  Is there a way to input directly on the form?


Yes, in Forms Mode you can make entries directly on the Form 8960 Worksheet (see screenshot).

 

8960.png