MinhT1
Expert Alumni

Get your taxes done using TurboTax

You can't avoid paying the NIIT on Form 8960 if you have investment income (interest, dividends, rental income, capital gains) and your Modified AGI is above a certain level for your filing status. See this IRS document.

 

Likewise, you can't avoid paying the Additional Medicare tax on Form 8959 if your income is above a certain level for your filing status. See this IRS document.

 

There's no extra penalty for filing these forms.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post