The National Directory of Certified Public Accountants

Ask A CPA - Net Investment Income Tax

When Did The Net Investment Income Tax Take Effect ?

The Net Investment Income Tax went into effect on Jan. 1, 2013. The NIIT affects income tax returns of individuals, estates and trusts for their first tax year beginning on (or after) Jan. 1, 2013. It does not affect income tax returns for the 2012 taxable year filed in 2013.

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