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Investors & landlords
@dllupisella
The net long term capital gains will be added to your modified adjusted gross income (MAGI). And if your MAGI is above $200,000 ($250,000 if married filing jointly), your capital gains are subject to the Net Investment Income Tax (NIIT) of 3.8%. This would add about $4k to your tax liability.
Please read this IRS document for more information.
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‎February 23, 2022
6:23 AM