On the second Q about whether state income taxes can be deducted from Net Investment Income, please indicate as to what percentage of the taxes can offset the income. Thanks
1) No.
2) Yes. It is not necessarily a specific percentage, but see the Instructions for Form 8960, specifically for Line 9b and "Reasonable method allocations" to determine the amount. https://www.irs.gov/instructions/i8960/ch02.html#d0e2068
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