This section details wages, interest, dividends, IRA distributions and pension/annuity payments.
Certain boxes will have a penc icon that, when clicked, will allow you to provide more detailed information:
- Wages - clicking the icon will bring up a worksheet where you can list either the combined wage amount for a married couple or break out the specific amount of wages for each taxpayer (including by different types of what is ultimately considered wage income). Similarly, if you know the amount of Medicare wages (which may very well be different than the amount of taxable wages due to certain workplace deferrals), you can enter that information here. This will impact the calculation for the Additional Medicare Tax that’s reported on Form 8960.
- Taxable Interest/Total Dividends - clicking the icon in either of these boxes will bring up the Investment Income worksheet, which is used to estimate any Net Investment Income Tax (NIIT). Any changes you make on this worksheet will save automatically as you type.
