Forms and Instructions About Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts About Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts Taxpayers use this form to figure the amount of their net investment income tax (NIIT). Current Revision Form 8960 PDF Instructions for Form 8960 ( Print Version PDF)
What is form 8960?
About Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts. Taxpayers use this form to figure the amount of their net investment income tax (NIIT).
How do I reduce my net investment income on form 8960?
The individual is entitled to reduce his net investment income by $55,000 (entered as a negative amount on Form 8960, line 7). Deduction recoveries. A recovery or refund of a previously deducted item increases net investment income in the year of the recovery.
Where do I find the gain or loss on form 8960?
The amount of the gain or loss from the disposition for regular income tax purposes is included on Form 8960, line 5a, as a gain or loss.