Form 8960, Net Investment Income Tax, is required when your Modified Gross Income (MAGI) is over a certain threshold, depending on your filing Status:
- Married Filing Joint or Qualifying Widow(er) Status: MAGI over $250,000
- Married file Separately: MAGI over $125,000
- Single and Head-of-Household: MAGI over $200,000
If your MAGI exceeds the threshold, you must file Form 8960 to pay a 3.8% Net Investment Tax on your Investment Income.
Check out this TurboTax FAQ for more information: What
is Form 8960?
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