Q re Net Investment Income and Form 8960

[Swegnson]

In the Estimated Taxes and Form W-4 Worksheet, I am looking for the source of the figure they show as Net investment income. The Data Source given is Form 8960 Part 3, line 12. However when I go to the Forms section there is no Form 8960. So how does TurboTax calculate Net Investment Income???

[JohnB5677]

An 8960 is for Net Investment income from Individuals, Estates and Trusts.

However, the source is based on what was entered into the estimated tax program.  I suggest you go back into the interview to identify the source of this income.

If you are trying to calculate Estimated taxes for next year:

• Start at Other Tax Situations
• Scroll down to Other Tax Forms
• Choose Form W-4 and Estimated Taxes
• Continue through the interview