Net Investment Income Tax

What is the Net Investment Income Tax ?

Answer:

The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code (IRC). The NIIT applies at a rate of 3.8 percent to certain net investment income of individuals, estates and trusts that have income above the statutory threshold amounts.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Net Investment Income Tax Questions

View More Questions