What is Form 8960: Net Investment Income Tax - TurboTax-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin with Part I, where you will enter your investment income. Fill in the taxable interest, ordinary dividends, and annuities as instructed. Ensure accuracy by referring to the guidelines provided for each line.
3. For rental real estate and other business income, complete lines 4a through 4c. Combine any adjustments for net income or loss derived from non-section 1411 trades.
4. Proceed to Part II to list your investment expenses. Input any allocable investment interest expenses and state taxes on lines 9a through 9c, then sum these for total deductions.
5. In Part III, calculate your net investment income by subtracting total deductions from total investment income. Follow the instructions carefully for individuals or estates and trusts as applicable.

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