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Question

Form8960 Error

Forum|Forum|3 months ago
March 25, 2026
1 reply
19 views

Triggered a form 8960 this year on my return. Based on https://www.irs.gov/instructions/i8960

Wages should be excluded from the calculation math of MAGI (line 13), but the software (at least the desktop version) appears to retain it.

Bturner04567Author

Level 2

*Correction: The software seems to conform to the letter of the instructions. That said, the instructions are kind of poorly constructed. Hypothetically, a single filer with $150K in wages and $50K in investment income wouldn't pay any additional tax. Meanwhile a person with $160K in wages and $50K in investment income does pay 3.8% on the $10K over 200K...which means two people with identical investment income have very different tax outcomes for what they pay on the investment income...because of their wages...