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22 maj 2024 · Information about Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts, including recent updates, related forms and instructions on how to file. Taxpayers use this form to figure the amount of their net investment income tax (NIIT).
If an individual owes the net investment income tax, the individual must file Form 8960 PDF. Form 8960 Instructions PDF provides details on how to figure the amount of investment income subject to the tax.
This is the official PDF form for reporting net investment income tax for individuals, estates, and trusts. It includes instructions, calculations, and lines for different types of income and adjustments.
3 dni temu · The net investment income tax (NIIT) is a 3.8-percent tax on the smaller of your net investment income or the amount that your modified adjusted gross income exceeds the tax's thresholds. See how much NIIT you owe by completing Form 8960.
17 lis 2023 · Learn what net investment income (NII) is, how it's taxed, and how to report it on IRS Form 8960. Find out what counts as NII, who pays the 3.8% tax, and how to reduce your liability.
23 lut 2023 · If you discover you owe net investment income tax, you must report it on Form 1040. Estates and trusts that owe the tax use Form 1041 for reporting purposes.
Form 8960 is a tax form used by individuals, estates, and trusts to calculate the Net Investment Income Tax (NIIT) due. Implemented as part of the Health Care and Education Reconciliation Act in 2010, the NIIT is a 3.8% tax on certain investment income when adjusted gross income (AGI) exceeds specified thresholds.
