Form 8960, Net Investment Income Tax Instructions

Check this box if you are making the Section 6013(g) election as described in the Form 8960 instructions.

Check this box if you are making the Section 6013(h) election as described in the Form 8960 instructions.

Check this box if you are making the election under regulations section 1.1411-10(g) as explained in the Form 8960 instructions.

Enter the total taxable interest income included on your tax return for the tax year.

Enter the total ordinary dividends reported on your tax return.

Enter the amount of annuity income that is included in investment income for the tax year.

Enter net income (or loss) from rental real estate, royalties, partnerships, S corporations, trusts, and trade or business activities included as investment income.

Enter the adjustment amount for net income or loss derived in the ordinary course of a trade or business that is not a section 1411 trade or business.

Enter the combined total of lines 4a and 4b. Fill only if 'Rental real estate, royalties, partnerships, S corporations, trusts, trades or businesses (Line 4a)', 'Adjustment for non‑section 1411 trade or business (Line 4b)' are filled (all).

Enter the net gain or loss from disposition of property that is subject to the net investment income tax.

Enter the net gain or loss from disposition of property that is not subject to the net investment income tax.

Enter any adjustment arising from the disposition of a partnership interest or S corporation stock.

Enter the sum of lines 5a, 5b, and 5c. Fill only if 'Net gain/loss from disposition of property (Line 5a)', 'Net gain/loss not subject to NIIT (Line 5b)', 'Adjustment from disposition of partnership interest or S corporation stock (Line 5c)' are filled (all).

Enter adjustments to investment income related to controlled foreign corporations (CFCs) and passive foreign investment companies (PFICs) as required by the instructions.

Enter any other modifications to investment income required by the form instructions.

Enter the total investment income, which is the combined amount of lines 1, 2, 3, 4c, 5d, 6, and 7. Fill only if 'Taxable interest (Line 1)', 'Ordinary dividends (Line 2)', 'Annuities (Line 3)', 'Combine lines 4a and 4b (Line 4c)', 'Combine lines 5a–5c (Line 5d)', 'Adjustments for certain CFCs and PFICs (Line 6)', 'Other modifications to investment income (Line 7)' are filled (any).

Enter the amount of investment interest expense allowable for the tax year to be claimed on Form 8960.

Enter the amount of state, local, and foreign income taxes allocable to investment income that are deductible.

Enter other deductible investment-related expenses (for example, advisory, custodial, or safe-deposit fees) not reported elsewhere.

Enter the sum of lines 9a, 9b, and 9c. Fill only if 'Investment interest expenses (Line 9a)', 'State, local, and foreign income tax (Line 9b)', 'Miscellaneous investment expenses (Line 9c)' are filled (any).

Enter any additional modifications to investment expenses as required by the Form 8960 instructions.

Enter the total of line 9d and line 10, representing the total deductions and modifications to investment income. Fill only if 'Total of lines 9a–9c (Line 9d)', 'Additional modifications (Line 10)' are filled (all).

Enter the estate or trust's net investment income amount carried from line 12 (reported on line 18a).

Enter total deductions for distributions of net investment income and allowable charitable deductions applicable to the estate or trust (line 18b).

Enter the result of subtracting line 18b from line 18a (undistributed net investment income); if zero or less, enter -0-.

Enter the estate or trust's adjusted gross income used for this computation (line 19a).

Enter the highest tax-bracket threshold amount for estates and trusts for the tax year as specified in the instructions (line 19b).

Enter the result of subtracting line 19b from line 19a; if zero or less, enter -0- (line 19c).

Enter the smaller of line 18c (undistributed net investment income) or line 19c (amount over highest bracket) on line 20.

Enter the net investment income tax for estates and trusts by multiplying line 20 by 3.8% and entering the result on line 21.

Enter the net investment income calculated by subtracting Part II, line 11 from Part I, line 8; if the result is zero or less, enter 0. Fill only if 'Total investment income (Line 8)', 'Total deductions and modifications (Line 11)' are filled (all).

Enter your modified adjusted gross income for the tax year as defined in the form instructions.

Enter the threshold amount that applies to your filing status from the form instructions.

Enter the result of subtracting line 14 from line 13; if the result is zero or less, enter 0.

Enter the smaller of the amounts reported on line 12 and line 15. Fill only if 'Net investment income (line 12)', 'Difference (line 15)' are filled (all).

Enter the net investment income tax for individuals, computed by multiplying line 16 by 3.8% (0.038), and include this amount on your tax return as instructed.

Enter the primary taxpayer name or names exactly as they appear on your federal tax return (individual, estate, or trust).

Enter the taxpayer's Social Security number (SSN) or employer identification number (EIN) associated with the tax return.