3.8% Net Investment Income Tax
The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code. The NIIT applies at a rate of 3.8% to certain net investment income of individuals, estates and trusts that...
Category: Net investment tax
IRS Form 8960 – Net Investment Income Tax
Form 8960 – Net Investment Income Tax— Individuals, Estates, and Trusts. (Attachment to Form 1040 or Form 1041) Individuals, estates, and trusts will use Form 8960 to compute their Net Investment Income Tax. For...