@PT313 wrote:
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?
@PT313
I'm not sure exactly what you're asking. Property does not mean just real estate. Anything you own is property, including stock or other investments. When you sell stock, that's a disposition of property. If you sell it at a profit, the profit is capital gain, either short-term or long-term depending on how long you owned it. The disposition (sale) of the property produces the capital gain.
Are you asking why there is Net Investment Income Tax? It's simply because it's part of the tax law.
