The Net Investment Income Tax

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  • Опубликовано: 26 июн 2024
  • If you have investment income from interest, dividends, capital gains, or passive activities and your income exceeds certain thresholds, you may be liable for an additional tax called the Net Investment Income Tax. This video describes the tax, how to compute it, and where to report it on your tax return.
    Videos covering investment income: • Investment Income
    0:00 Introduction
    0:43 What is the Net Investment Income Tax?
    1:48 How is the Tax calculated?
    3:30 Where is the Tax reported?
    5:01 Conclusion
    Additional Information and Resources:
    IRS Form 8960: "Net Investment Income Tax": www.irs.gov/pub/irs-pdf/f8960...
    Instructions for Form 8960: www.irs.gov/pub/irs-pdf/i89f6...
    The Balance: "What is the Net Investment Income Tax?": www.thebalancemoney.com/net-i...
    Image/Video Sources:
    Storyblocks.com
    Wikimedia Commons
    NatGeoLover
    The images of "Doris" and "Christine" were generated by thispersondoesnotexist.com (stability.ai). Any resemblance between these images and any persons, living or dead, is incidental and not intended. No other artificial intelligence was used to research, write, animate, voice, or edit this video
    Intro Music: "Bluesy Vibes" - Doug Maxwell - RUclips Creator Music
    Outro Music: "Modern Attempt" - Track Tribe under license from RUclips Creator Music
    DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.

Комментарии • 5

  • @montesarache5993
    @montesarache5993 2 месяца назад

    Wow! What a great channel. Lots of useful info. Thank you!

  • @FamilyTax2024
    @FamilyTax2024 5 месяцев назад

    I've seen this on clients with a lot of flow through entities. Make sure to mark the K-1s as active where necessary. If you don't do this you could cost your client thousands to hundreds of thousands in tax!

  • @ELconomics101
    @ELconomics101 7 месяцев назад +1

    Good morning coach happy Thanksgiving to you and yours

    • @TheTaxGeek
      @TheTaxGeek  7 месяцев назад +2

      And the same to you as well....

  • @miguelcubero3440
    @miguelcubero3440 7 месяцев назад +1