Get Irs 8960 2024-2026

The IRS 8960 form is used to report net investment income tax for individuals, estates, and trusts. This guide provides clear and detailed instructions on how to complete the form online, ensuring users understand each section and field.

Follow the steps to accurately fill out the IRS 8960 online.

1. Click ‘Get Form’ button to access the IRS 8960 form and open it for editing.
2. Enter your social security number or Employer Identification Number (EIN) in the designated field at the top of the form.
3. Fill in your name or the names shown on your tax return in the next field, ensuring accuracy for proper identification.
4. Complete Part I by reporting your investment income. Fill out lines 1 through 8 with the necessary values pertaining to taxable interest, dividends, annuities, and rental income, among others.
5. In Part II, record your investment expenses readily allocated to the investment income. You will fill lines 9a to 10 accordingly, ensuring to include the specific expenses as outlined.
6. Proceed to Part III for the tax computation. Calculate your net investment income by subtracting the total deductions and modifications from your total investment income. Follow the instructions for both individuals and estates/trusts.
7. Finally, review all entered information for any errors or omissions. Once satisfied, save your changes, download the completed form, print a copy for your records, or share the form as required.

Begin completing your IRS 8960 form online today to ensure your tax return is accurate and compliant.