Part III—Tax Computation

Instruction 8960 — Instructions for Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts · 2026-10-03 edition · updated 2026-10-04 · United States

Individuals Individuals complete lines 13–17.

Line 13—Modified Adjusted Gross Income (MAGI)

If you didn’t exclude any amounts from your gross income under section 911 and you don’t own an interest in a CFC or PFIC, your MAGI is your AGI as reported on Form 1040 or 1040-SR. If you exclude amounts under section 911 or own certain CFCs or PFICs, your MAGI is your AGI as modified by certain rules described in Regulations section 1.1411-10(e)(1).

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▸Contents — Instruction 8960 — Instructions for Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts

Instruction 8960 — Instructions for Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts

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