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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.
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