@rvhatcher wrote:
We are far below the threshold for NIIT. What's the difference between "NIIT Liability" and "overall income tax liability".
In short, it is an additional 3.8 percent tax on net investment income.
See https://www.irs.gov/taxtopics/tc559
If you are below the threshold then the negative figure will have no effect; it does not offset your tax liability on the $24,000 on Line 5.
