The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act - Individuals

Does The Net Investment Income Tax Apply To Estates And Trusts?

Yes, The 3.8% surtax is levied on the lesser of net investment income or the excess of modified adjusted gross income over $11,950 for estate and trusts. The new tax will be calculated on new IRS Form 8960 and transfer to Form 1041, Schedule G, line 4.

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