Instructions For Form 8960 - Net Investment Income Tax - Individuals, Estates, And Trusts - 2017 Page 7
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20Lines 5a-5d — Net Gains and Losses Worksheet
Keep for Your Records
(A)
(B)
Total of columns (A)+(B)
Capital gains/(losses):
Ordinary gains/
Form 1040, line 13;
(losses): Form 1040,
Form 1041, line 4; Form
line 14; Form 1041,
1041-QFT, line 3; Form
line 7; Form
1040NR, statement
1041-QFT, portion
reflecting U.S.
of line 4 attributed to
residency portion of
ordinary gain/(loss);
Form 1040, line 13
Form 1040NR,
statement reflecting
U.S. residency
portion of Form
1040, line 14
Enter
this
1.
Beginning net gains and losses
amount
on line 5a
2.
Gains and losses excluded from net investment income. Use current year amounts for lines 2a–2g and 2i.
(a) Enter net gains from the disposition of property used in a
non-section 1411 trade or business (enter as negative
amounts):
(
) (
)
Name of Trade or Business
Amount
(
)
(
)
(b) Enter net losses from the disposition of property used in
a non-section 1411 trade or business (enter as positive
amounts):
Name of Trade or Business
Amount
(c) Enter net losses from a former passive activity (FPA)
allowed by reason of section 469(f)(1)(A) . . . . . . . . . .
(d) Gains recognized in the current year for payments
received on an installment sale obligation or private
annuity for the disposition of property used in a
non-section 1411 trade or business . . . . . . . . . . . . . .
(
)
(e) Enter the net gain attributable to the net unrealized
appreciation (NUA) in employer securities . . . . . . . . . .
(
)
(f) In the case of a QEF (other than a QEF held in a section
1411 trade or business) for which a section 1.1411-10(g)
election isn’t in effect, enter the amount treated as
long-term capital gain for regular income tax purposes
under section 1293(a)(1)(B) . . . . . . . . . . . . . . . . . . . .
(
)
(g) Enter any other gains and losses included in net
investment income that aren’t otherwise reported on
Form 8960 and any other gains and losses excluded
from net investment income reported on line 5a (enter
excluded gains as a negative number and excluded
losses as a positive number) . . . . . . . . . . . . . . . . . . .
(h) Enter the amount reported on line 2(i) of this worksheet
from your prior tax year return calculations. Enter as a
positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(i) If you don’t have a capital loss carryover to next year,
then skip this line and go to line 2(j). Otherwise, enter the
lesser of (i)(1) or (i)(2) as a negative amount . . . . . . . .
(
)
(i)(1) If the sum of the amounts
entered on lines 2(a)–2(h) and
line 3(d), column (A), is greater than
zero, enter that amount here.
Otherwise, enter -0- on line 2(i) and
go to line 2(j) . . . . . . . . . . . . . . . . .
OR
(i)(2) The amount of capital loss
carried over to next year (Schedule D
(Form 1040), line 16, less the amount
allowed as a current deduction on
Schedule D (Form 1040), line 21)
entered as a positive
number
. . . . . . . . . . . . . . . . . . . .
Enter
this
(j) Sum of lines 2(a) through 2(i)
amount
on line 5b
Instructions for Form 8960 (2017)
-7-
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