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Form 8960, line 4b shows as positive number for loss instead of negative.

I have real estate investment. TurboTax filled out form 8960, but it seems incorrect to me.

 

Form 8960 Worksheet: 

Adjustment for trade or business income not subject to net investment tax is $(5000), that is, negative $5,000

 

Form 8960:

Line 4a: Rental real estate, royalties, partnerships, S corporations, trusts, etc.: $10,000

Line 4b: Adjustment for net income or loss derived in the ordinary course of a nonsection1411 trade or business: $5,000, that is, positive $5,000.

Line 8: Total investment income is: $15,000. 

 

This does not makes sense. How come, the loss in rental income, as per 8960 Worksheet is becoming positive in form 8960 and being calculated as an income?

 

 

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1 Reply

Form 8960, line 4b shows as positive number for loss instead of negative.

The program is correct ... read the instructions carefully ...  https://www.irs.gov/pub/irs-pdf/i8960.pdf

 

 

Screenshot 2023-10-11 091539.png

 

 

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