wq2
Level 2

Investors & landlords

Thanks for the answer, maybe I misunderstood the 3.8% - I thought that applied only for cases of certain investment income (per TT link below).  I'm married filing jointly, over $250,000 - does that mean any income like this is subject to the additional 3.8%?  On the same link, it says MFJ w/over $501,600 is 20%.

 

per this page https://turbotax.intuit.com/tax-tips/investments-and-taxes/guide-to-short-term-vs-long-term-cap[prod...

 

 "Another major exception comes from the Net Investment Income Tax (NIIT), which adds a 3.8% surtax to certain net investments of individuals, estates, and trusts above a set threshold". The explanation on this page implies that the NIIT doesn't apply for all cap gains.  I don't have lots to report here besides ordinary income and RSU sales (very little interest income, nothing else). 

 

Thanks!