Form 8960 Part II is not being completed

[jjworange]

I'm using TurboTax Home and Business 2026. I have foreign income tax from investments that should be accounted for in Investment Expanses, but Form 8960 Part II is not being computed. Form 8960 Wks is not being generated at all. If I add the worksheet myself, the only way  can populate the fields is by using Override. My tax situation is the same as it was last year, and TurboTax generated Form 8960 Wks and populated Form 8960 Part II correctly. Nothing should have changed for this year. All of the information needed to populate this form has been entered. What triggers the generation of Form 8960 Wks? 

[DaveF1006]

In TurboTax Home & Business (Desktop), the generation of Form 8960 and its supporting Worksheet is strictly generated by two specific conditions:

1. MAGI Threshold: Your Modified Adjusted Gross Income must exceed $250,000 (Married Filing Jointly), $200,000 (Single/Head of Household), or $125,000 (Married Filing Separately). 
2. Net Investment Income (NII): You must have at least $1 of taxable investment income (interest, dividends, capital gains, etc.).

If your income is the same but you don’t see the form, it may be because you’re taking the Standard Deduction this year, since it increased for 2026. TurboTax will turn off the 8960 Part II calculations if you aren’t itemizing on Schedule A. You’ll need to itemize for foreign taxes to show up automatically on Line 9b.