konstk1
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Unless your state has no income tax, you pay taxes on investment income when you file state. You need to calculate what that is and deduct it.
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I figured this out (at least compared to CashApp). It was actually CashApp's fault. They didn't automatically deduct line 9b (State, local, and foreign income t...
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@AmyCThis is not particularly helpful because I'm using TurboTax online, and I'm not paying for it until I know it's calculating everything correctly.
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I'm seeing something similar. My TurboTax NIIT is calculated to be $42 lower than CashApp taxes. I don't have visibility into TurboTax 8960 so I don't know exac...
Activity Feed for konstk1
- Posted Re: Based on the NIIT documentation, it is 3.8% of investment income, turbotax seems to get a smaller number and it is only based on 1099-INT and not 1099-DIV. Why is that? on Get your taxes done using TurboTax. April 14, 2024 2:02 PM
- Posted Re: Based on the NIIT documentation, it is 3.8% of investment income, turbotax seems to get a smaller number and it is only based on 1099-INT and not 1099-DIV. Why is that? on Get your taxes done using TurboTax. April 8, 2024 5:03 AM
- Got Cheered for Re: Based on the NIIT documentation, it is 3.8% of investment income, turbotax seems to get a smaller number and it is only based on 1099-INT and not 1099-DIV. Why is that?. April 7, 2024 6:53 PM
- Posted Re: Based on the NIIT documentation, it is 3.8% of investment income, turbotax seems to get a sma... on Get your taxes done using TurboTax. February 20, 2024 11:39 AM
- Posted Re: Based on the NIIT documentation, it is 3.8% of investment income, turbotax seems to get a smaller number and it is only based on 1099-INT and not 1099-DIV. Why is that? on Get your taxes done using TurboTax. February 20, 2024 6:01 AM