****** Scenario 5: The Intricacies of the Net Investment Income Tax (NIIT)...
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Scenario : The Intricacies of the Net Investment Income Tax NIIT Taxpayer has the following income: Wages: $ Shortterm Capital Gains: $ Qualified Dividends: $ Nonqualified Dividends: $ Limited Partnership Income passive: $ Itemized Deductions: $ Allowable deduction for selfemployment tax: None Calculate: Modified Adjusted Gross Income MAGI for NIIT Net Investment Income Potential NIIT liability Analyze what types of income are and are not subject to NIIT
Scenario : The Intricacies of the Net Investment Income Tax NIIT
Taxpayer has the following income:
Wages: $
Shortterm Capital Gains: $
Qualified Dividends: $
Nonqualified Dividends: $
Limited Partnership Income passive: $
Itemized Deductions: $
Allowable deduction for selfemployment tax: None
Calculate:
Modified Adjusted Gross Income MAGI for NIIT
Net Investment Income
Potential NIIT liability
Analyze what types of income are and are not subject to NIIT
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