Most of my income is from "qualified retirement plan" which should be excluded from MAGI on Form 8960 to calculate NIIT but is not. Why and how do I correct this?

philandellent · ‎June 5, 2019

dmertz · ‎June 5, 2019

Income from a qualified retirement plan is not excludible from MAGI for the purpose of Form 8960 line 13. Your MAGI for this purpose shouldn't be less than your AGI because all of the adjustments are additions to AGI:

https://www.irs.gov/instructions/i8960#idm140442618982224

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dmertz · ‎June 5, 2019

Income from a qualified retirement plan is not excludible from MAGI for the purpose of Form 8960 line 13. Your MAGI for this purpose shouldn't be less than your AGI because all of the adjustments are additions to AGI:

https://www.irs.gov/instructions/i8960#idm140442618982224

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Most of my income is from "qualified retirement plan" which should be excluded from MAGI on Form 8960 to calculate NIIT but is not. Why and how do I correct this?

Most of my income is from "qualified retirement plan" which should be excluded from MAGI on Form 8960 to calculate NIIT but is not. Why and how do I correct this?

Most of my income is from "qualified retirement plan" which should be excluded from MAGI on Form 8960 to calculate NIIT but is not. Why and how do I correct this?

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Most of my income is from "qualified retirement plan" which should be excluded from MAGI on Form 8960 to calculate NIIT but is not. Why and how do I correct this?

Most of my income is from "qualified retirement plan" which should be excluded from MAGI on Form 8960 to calculate NIIT but is not. Why and how do I correct this?

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