The Net Investment Income Tax
HTML-код
- 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.
Wow! What a great channel. Lots of useful info. Thank you!
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!
Good morning coach happy Thanksgiving to you and yours
And the same to you as well....
❤