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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.
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March 31, 2024
6:29 AM
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