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Apparent Turbo Tax Error in calculating Net Investment Income Tax (Form 8960)

TugBoatBaby — Thu, 12 Feb 2026 16:42:04 GMT

Part III, Line 13 Form 8960 asks for MODIFIED adjusted gross income (MAGI). MAGI does NOT include Social Security Benefits, Qualified Retirement Plan withdrawals like from an IRA, or payouts from a traditional defined pension plan or retirement plan annuity. Yet Turbo Tax INCLUDED all of these income amounts in Part III, Line 13, triggering a Net Investment Income Tax for my return. I.E. Turbo Tax did NOT MODIFY my adjusted gross income to reflect not including income not subject to the Net Investment Income Tax. This needs to be corrected!

Re: Apparent Turbo Tax Error in calculating Net Investment Income Tax (Form 8960)

ThomasM125 — Thu, 19 Feb 2026 19:10:23 GMT

Per the instructions to Form 8960 , page 22 for Part III, line 13, the modified adjusted gross income (MAGI) requested for that line equals the Form 1040 AGI plus certain foreign income amounts that are excluded. So, the MAGI you reference should include social security benefits and taxable retirement plan distributions as is done in TurboTax. The instructions state "Your MAGI is your AGI as reported on Form 1040."

Re: Apparent Turbo Tax Error in calculating Net Investment Income Tax (Form 8960)

TugBoatBaby — Thu, 19 Feb 2026 21:12:49 GMT

Thank You!