PT313
Returning Member

Investors & landlords

I have the same question. I can't believe it! Last year, the income limit was $500K! But I also found that the long term capital gain was charged more than 15% tax!

The amount of LTCG was entered into schedule 2 line 12: Net investment income Tax, Attch Form 8960 , and it was calculated in Form 8960, as listed below:

This amount was entered into form 8960 line 5a: Net gain or loss from disposition of property. Why does long term capital gain became "disposition of property"? The if your income is more than 250K (couple file join) then your total investment income, including LTGC, interest,  dividends etc. were combined and additional 3.8%  was added to the total tax!  

Do you all notice the form 8960 and the "other Taxes" in form 1040 line 23?

 Any one knows why? 

Thanks!