It depends. The net investment income tax (NIIT) kicks in when the investment income exceeds a certain limit.
- What is Form 8960: NIIT (Click to review for more details)
- If you file a joint return or use the Qualifying Surviving Spouse status, your MAGI (as of publication date) has to be more than $250,000
- If you're married but file separately, your MAGI has to be more than $125,000
- Single and Head of Household filers can report an MAGI of $200,000 or less
As long as you entered the proceeds and cost basis then TurboTax calculated the tax correctly. It's best to review your tax return before you file it.
You have access to all forms when you choose to print your return in TurboTax Online/Mobile. However you are required to pay before printing, but do not have to file until you are ready.
If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.
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