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Investors & landlords
Agreed abs thanks for the response. However, the verbiage as written, conveys a Boolean AND. By that I mean it conveys if you have investment income AND your MAGI is above a certain threshold, firm 8960 needs to be included with your return. That’s not accurate. You need 8960 Smokey if your MAGI exceeds the limits defined it would seem.
Clarification in this regard by the IRS would have helped alleviate frustration.
January 25, 2021
11:00 AM