Form 8960

[user17709588398]

My income for the year is over the threshold to have to pay NIIT. I also included in my tax returns the 1099-INT for my savings account interest earned. Based on this I should have recieved a form 8960 for the 3.8% tax on the interest income but it is not included. When comparing with another tax software online they do indeed include the form so I am wondering why TurboTax has not included it. 

[ThomasM125]

I suggest you look at your Form 1040 to see what the investment income listed on your form is. You are primarily looking for interest, dividends, capital gains, and rental income. It may be that some of your income is listed in the wrong place or some amounts are not correct. Only your adjusted gross income over $250,000 (joint filer) or $200,000 (single filer) is subject to the additional tax. You will see your investment income included on lines 2 through 7 on the Form 1040 and also on Schedule 1, Part 1. You can view your Form 1040 and schedules 1 to 3 by following these steps:

1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
2. Choose Tools
3. Choose View Tax Summary
4. See the Preview my 1040 option in the left menu bar and click on it
5. Choose the Back option in the left menu bar when you are done

[user17709588398]

I am over the income threshold and I do see taxable interest (savings account interest accrued) under 2b. Based on both these conditions I should have a form 8960 but it is not generating. 

[DianeW777]

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)

TurboTax Online:

Open your return -Go to the menu panel on the left side of your return and select Tax Tools. 

1. Then select Tools below Tax Tools.
2. A window will pop up which says Tools Center.  
3. On this screen, select Share my file with Agent.
4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
5. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.

TurboTax Desktop:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

1. Click on Online in the top left menu of TurboTax Desktop for Windows
2. Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number.
   • Enter your email used for TurboTax > Enter your code > Send
3. Write down or send an image of your token number and state then place in this issue.
4. We can then review your exact scenario for a solution.
5. Please also tell us any states included in the return. This is necessary for us to view the return.
   • *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')

We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

@user17709588398