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Why doesn't my foreign tax get included on form 8960?

I have foreign tax paid of $93. It shows on Schedule 3 and on line 20 of 1040, but the line for foreign tax on the worksheet for form 8690 Net Investment Income Tax is blank. Why didn't it carry through?
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1 Reply
DaveF1006
Expert Alumni

Why doesn't my foreign tax get included on form 8960?

Foreign Taxes don't play a role in reducing NIIT unless you itemize deductions, which is what section 9 in the 8960 worksheet addresses. Look in the instructions for Form 8960 regarding Line 9 and 10 and it's applications. 

 

Form 8960 Instructions

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