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F8960 PDF Form 8960 Department of the Treasury Internal Revenue 2022

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F8960 PDF Form 8960 Department of the Treasury Internal Revenue 2022

Irs 8960 2022-2025 Form

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one of my clients recently sold a piece of real estate and this triggered a high sixf fig long-term capital gain now he wasn't exactly thrilled when I mentioned that a piece of that was going to be subject to an additional 3.8% income tax what I had to explain to him and what I'm going to explain to you today is what the net investment income tax is and when it comes into play let's get going the net investment income tax which we're going to just refer to as knit for short because it's kind of a moth was born out of the Affordable Care act back in 2010 and essentially what it is is an additional 3.8% income tax targeting passive income for what was considered higher income households when the law was written now to be more specific about the income levels at which nit comes into play we can reference the table up on the screen now I don't want to get too technical here but these figures or these thresholds are based on a figure known as

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