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April 11, 2025
Question

Why doesn't my foreign tax get included on form 8960?

  • April 11, 2025
  • 1 reply
  • 0 views
I have foreign tax paid of $93. It shows on Schedule 3 and on line 20 of 1040, but the line for foreign tax on the worksheet for form 8690 Net Investment Income Tax is blank. Why didn't it carry through?

1 reply

DaveF1006
April 11, 2025

Foreign Taxes don't play a role in reducing NIIT unless you itemize deductions, which is what section 9 in the 8960 worksheet addresses. Look in the instructions for Form 8960 regarding Line 9 and 10 and it's applications. 

 

Form 8960 Instructions

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