I have no investment income yet I'm being forced to wait until 1/28 for Form 8960. I do not need 8960 and should be allowed to proceed.

[jamie24]

Simple return.  Married filing jointly.  Only 3 W-2s on income.  No investments.  TurboTax will not allow me to submit without waiting for Form 8960 for be released.  I do not need this form and should not be forced to wait for it.

[MinhT1]

You will have delete form 8960 from your tax return.

To delete it, please follow these steps:

• In TurboTax, open your return
• In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
• On the Tools Center page, click on Delete a form
• A list of forms will appear. Locate the Form 8960 and click Delete next to it.
• On the next screen, click Delete Form

[jamie24]

I actually called TT support.  Deleting the form doesn't work.  It keeps reappearing.  I also tried a fresh start.  It would appear that the trigger is MAGI and if you are above the MAGI threshold, you need 8960 even if it's to declare 0 dollars in investment income.  Quite the bummer I have to wait until the first week of February only to say I not investment income, when I'm completely ready to submit my filing now.  Seems silly.

[jamie24]

typo - "Only to say I have no investment income" is what I meant.  I also meant to thank you for the response.

[horns2214]

couldnt agree more.  very frustrating.  

[AnnetteB6]

Form 8960 works by going through the calculation if your modified AGI triggers that it might be applicable.  The good news is that when the form becomes available and you are able to file your return, you will not incur a delay in processing since the IRS will not start processing returns until February 12, 2021.

To read more about Form 8960, take a look at the following TurboTax article.

What is Form 8960: Net Investment Income Tax

@jamie24

@horns2214

[jamie24]

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.