I only have a pension and an annuity. he has one from my mother but took nothing out this year its now saying he owes why? what am I doing wrong
Form 8960, Net Investment Income Tax, is required when your Modified Gross Income (MAGI) is over a certain threshold, depending on your filing Status:
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?
If this has not answered your question please comment below so I can assist you further.
Form 8960, Net Investment Income Tax, is required when your Modified Gross Income (MAGI) is over a certain threshold, depending on your filing Status:
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?
If this has not answered your question please comment below so I can assist you further.
Yea.... i certainly didn't have ANYthing like that so why would it pop up on my sons return when we're are verifying at then end of his info? That is so weird. I've tried to go back through and can't find anything like that on my printout.