Hi Carl,
Thanks for your response. This is a high level explanation, which I understand. But when you start doing the math, questions arise about exactly how to compute the capital gains. For instance is the first $78K of capital gains taxed at zero? I've seen tax brackets that seem to say that. Are all of the capital gains added to ordinary income to come up with MAGI? I'm trying to figure out exactly what the NIIT tax will be.
