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- Why does Form 8960, Part II, Line 9b exclude non-rent/non-royalties income?
Why does Form 8960, Part II, Line 9b exclude non-rent/non-royalties income?
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davetodd11
Level 5
09-24-2021
09:31 AM
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In ProSeries, Form 8960, Part II, Line 9b is not pulling in the taxes shown in the Part II - Allocation of Deductions to Income worksheet that is shown in the Non-passive income column (e). The cross-reference for Line 9b indicates that that data block would only include "the portion of related to rent and royalty income" from the K-1s. (the client's K-1s are for ordinary business income, and not rent or royalties) Looking at the IRS instructions for Form 8960, it does not indicate that non-rental/non-royalties income should be excluded. Is this just an error in the ProSeries Form 8960?
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