TurboTax FAQ
TurboTax FAQ
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What is Form 8960, and why is it in my return?

Form 8960: Net Investment Income Tax – Individuals, Estates, and Trusts is a recent tax form.

If you have investment income and your modified adjusted gross income exceeds $250,000 (married filing jointly), $125,000 (married filing separately), or $200,000 (all other filing statuses), then you will most likely be subject to the 3.8% additional tax.

The form is used to calculate and report the 3.8% additional tax on investment income for the Affordable Care Act provisions that went into effect starting with the 2013 tax year.

Note: Prior to 1/15/15, some customers with a state refund incorrectly received an error message in the federal review section that triggered Form 8960, line 7 worksheet.  This has been resolved as of 1/15/2015.  If you are using the download/desktop product, remember to update the product. See How do I update my TurboTax software. If you are using TurboTax Online, no further action is required.