Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Net investment interest expense not flowing to 8960

jgcpa
Level 4

Net investment interest expense is on Sch A line 9. However it is not appearing on the form 8960 line 9a. There is a magnifying glass on line 9a that links to Sch A line 9. But the amount on sch A does not flow to the 8960. Proseries says that basically all lines are auto-populated. 


Is a blank line 9a on the Form 8960 correct?  The standard deduction was higher than the itemized deductions. 



Thank you for a reply

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
rbynaker
Level 13

If you're not itemizing then Schedule A is not part of the tax return.  Since your interest expense was not deducted for regular tax purposes it would not be deducted for NIIT purposes either.

Just for kicks, check the box on the Info Wks to force itemized deductions and see how it changes your 8960.

Rick

View solution in original post

0 Cheers
1 Comment 1
rbynaker
Level 13

If you're not itemizing then Schedule A is not part of the tax return.  Since your interest expense was not deducted for regular tax purposes it would not be deducted for NIIT purposes either.

Just for kicks, check the box on the Info Wks to force itemized deductions and see how it changes your 8960.

Rick

0 Cheers