On Wednesday, the IRS released a draft ofForm 8960,Net Investment Income Tax—Individuals, Estates, and Trusts, a new dual-purpose form that will be used by individuals and trusts and estates to compute the new 3.8% tax and then to report the tax on Forms 1040,U.S. Individual Income Ta...
Form 8960is a dual-purpose form that is used by both individuals and trusts and estates to compute the new 3.8% net investment income tax and then to report the tax on Forms 1040,U.S. Individual Income Tax Return, and 1041,U.S. Income Tax Return for Estates and Trusts. Starting this ...
What is IRS Form Schedule 2? Click to expand Key Takeaways You should file Form 1040 Schedule 2 along with Form 1040, Form 1040-SR, or Form 1040-NR to report taxes not included in the basic tax forms. If you owe alternative minimum tax (AMT), use Form 1040 Schedule 2 to report the...